<SEC-DOCUMENT>0001001807-15-000004.txt : 20150310
<SEC-HEADER>0001001807-15-000004.hdr.sgml : 20150310
<ACCEPTANCE-DATETIME>20150310121739
ACCESSION NUMBER:		0001001807-15-000004
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20150310
FILED AS OF DATE:		20150310
DATE AS OF CHANGE:		20150310

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:		15687956

	BUSINESS ADDRESS:	
		STREET 1:		JL. JAPATI 1
		CITY:			BANDUNG
		STATE:			K8
		ZIP:			40133
		BUSINESS PHONE:		62-224527101

	MAIL ADDRESS:	
		STREET 1:		JL. JAPATI 1
		CITY:			BANDUNG
		STATE:			K8
		ZIP:			40133
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>telkom_fsfinal2014.htm
<DESCRIPTION>PT TELEKOMUNIKASI INDONESIA TBK
<TEXT>

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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;">UNITED STATES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;">SECURITIES AND
EXCHANGE COMMISSION</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;">Washington, D.C.
20549</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-indent:.5in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:18.0pt;">Form 6-K</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;">REPORT OF FOREIGN
PRIVATE ISSUER PURSUANT TO RULE 13 a-16 OR 15d-16</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;">UNDER THE
SECURITIES EXCHANGE ACT OF 1934</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;">For the month of
March</font></b><b><u><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;"> </font></u></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:12.0pt;">, 2015</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:18.0pt;">Perusahaan Perseroan (Persero)</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:18.0pt;">PT </font></b><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:18.0pt;">Telekomunikasi
Indonesia Tbk</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" lang=EN-US style="background:white;font-size:11.0pt;">(Exact name of Registrant as
specified in its charter)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman" lang=EN-US style="background:white;font-size:14.0pt;">Telecommunications
Indonesia</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" lang=EN-US style="background:white;font-size:11.0pt;">(</font><font color=windowtext face="Times New Roman" lang=IN style="background:white;font-size:11.0pt;">A&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;"> </font><font color=windowtext face="Times New Roman" lang=EN-US style="background:white;font-size:11.0pt;">state-owned public limited liability </font><font color=windowtext face="Times New Roman" lang=IN style="background:white;font-size:11.0pt;">Company</font><font color=windowtext face="Times New Roman" lang=EN-US style="background:white;font-size:11.0pt;">)&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(Translation of registrant&#8217;s name into English</font><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">)&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">J</font></b><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:11.0pt;">l.&nbsp;</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;"> Japati No. 1 Bandung 40133</font></b><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:11.0pt;">, Indonesia</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(Address of principal executive office)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Indicate by check mark whether the registrant files or
will file annual</font></b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;"> </font><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">reports under
cover of Form 20-F or Form 40-F</font></b><b><font color=windowtext face="Times New Roman" lang=IN style="font-size:11.0pt;">:&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Form 20-F </font></b><b><font color=windowtext face=wingdings lang=EN-US style="font-size:11.0pt;">&#254;&nbsp;</font></b><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;"> &nbsp;</font></b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Form 40-F&#160; </font></b><font color=windowtext face=wingdings lang=EN-US style="font-size:11.0pt;">&#168;&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Yes </font></b><font color=windowtext face=wingdings lang=EN-US style="font-size:11.0pt;">&#168;&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">No </font></b><b><font color=windowtext face=wingdings lang=EN-US style="font-size:11.0pt;">&#254;&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Yes </font></b><font color=windowtext face=wingdings lang=EN-US style="font-size:11.0pt;">&#168;&nbsp;</font><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">No </font></b><b><font color=windowtext face=wingdings lang=EN-US style="font-size:11.0pt;">&#254;&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div style="border:none;border-bottom:double windowtext 4.5pt;padding:0in 0in 1.0pt 0in;">

<p style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">SIGNATURES</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext 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 color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed
on behalf by the undersigned, thereunto duly authorized.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext 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>
  <td valign=top width=50% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">Date </font><u><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">March 10, 201</font></u><u><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">4</font></u><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">
  &nbsp;</font></p>
  </td>
 <td width=50% style="padding:0in 5.4pt 0in 5.4pt;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" lang=IT style="font-size:10.0pt;">Perusahaan Perseroan (Persero)</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" lang=IT style="font-size:10.0pt;">PT </font><font color=windowtext face="Times New Roman" lang=IN style="font-size:10.0pt;">Telekomunikasi
  Indonesia Tbk</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" lang=IT style="font-size:10.0pt;">&nbsp;</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" lang=IT style="font-size:10.0pt;">&nbsp;</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">-----------------------------------------------------</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">(Registrant)</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">By:      /s/ Heri Sunaryadi</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">----------------------------------------------------</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">(Signature)</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">Heri Sunaryadi </font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">Chief of Financial Officer</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:6.0pt;text-align:justify;"><b><font color=windowtext 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 color=windowtext face=eyinterstate lang=EN-US style="font-size:14.0pt;font-weight:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=eyinterstate lang=EN-US style="font-size:14.0pt;font-weight:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=eyinterstate lang=EN-US style="font-size:14.0pt;font-weight:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=eyinterstate lang=EN-US style="font-size:14.0pt;font-weight:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=eyinterstate lang=EN-US style="font-size:14.0pt;font-weight:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=eyinterstate lang=EN-US style="font-size:14.0pt;font-weight:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=eyinterstate lang=EN-US style="font-size:14.0pt;font-weight:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=eyinterstate lang=EN-US style="font-size:14.0pt;font-weight:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=eyinterstate lang=EN-US style="font-size:14.0pt;font-weight:normal;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=eyinterstate lang=IN style="font-size:14.0pt;font-weight:normal;">Perusahaan
Perseroan (Persero)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=eyinterstate lang=IN style="font-size:14.0pt;">P</font><font color=windowtext face=eyinterstate lang=EN-US style="font-size:14.0pt;">T&nbsp;</font><font color=windowtext face=eyinterstate lang=IN style="font-size:14.0pt;"> Telekomunikasi Indonesia Tbk
</font><font color=windowtext face=eyinterstate lang=EN-US style="font-size:14.0pt;">and its
subsidiaries</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=eyinterstate lang=IN style="font-size:18.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;vertical-align:baseline;"><font color=windowtext face=eyinterstate lang=IN style="font-size:13.0pt;">Consolidated financial statements as of December 31, 2014 and for
the year then ended with independent auditors&#8217; report</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;vertical-align:baseline;"><font color=windowtext face=eyinterstate lang=EN-US style="font-size:13.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;vertical-align:baseline;"><font color=windowtext face=eyinterstate lang=EN-US style="font-size:13.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;vertical-align:baseline;"><font color=windowtext face=eyinterstate lang=EN-US style="font-size:13.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;vertical-align:baseline;"><font color=windowtext face=eyinterstate lang=EN-US style="font-size:13.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;vertical-align:baseline;"><font color=windowtext face=eyinterstate lang=EN-US style="font-size:13.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;vertical-align:baseline;"><font color=windowtext face=eyinterstate lang=EN-US style="font-size:13.0pt;">&nbsp;</font></p>





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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; BACKGROUND: white" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Statement of the Board of Directors</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; BACKGROUND: white" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>regarding the Board of Director&#8217;s Responsibility for</FONT></B></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; BACKGROUND: white" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Consolidated financial statements</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; BACKGROUND: white" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>as of December 31, 2014 and for the year then ended</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; BACKGROUND: white" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk and its </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ubsidiaries&nbsp;</FONT></B></P>

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

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 5.85pt 0pt 4.95pt; BACKGROUND: white"><FONT style="FONT-SIZE: 10pt" lang=DE color=windowtext face=arial,sans-serif>On behalf of the Board of Directors, we undersigned:</FONT></P>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=DE color=windowtext face=arial,sans-serif>1.</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=DE color=windowtext face=arial,sans-serif>Name</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>:</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Alex J. Sinaga</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif>Business address</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>:</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Jl. </FONT><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face=arial,sans-serif>Japati No. 1 Bandung 40133</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif>Address </FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>as indicated in ID</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=DE color=windowtext face=arial,sans-serif>:</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Jl. </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Anggrek Nelimurni B-70 No.38 Kelurahan Kemanggisan</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>, </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Kecamatan Palmerah, Jakarta Barat</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Phone</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(</FONT><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face=arial,sans-serif>022</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face=arial,sans-serif> 4527101</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif>Position</FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face=arial,sans-serif>President Director</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2.</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Name</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>:</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Heri Sunaryadi</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif>Business address</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>:</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Jl. </FONT><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face=arial,sans-serif>Japati No. 1 Bandung 40133</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Address as indicated in ID</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>:</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Jl. Graha Taman Blok HC8 No.5 Bintaro Jaya Sektor 9</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>, </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Kelurahan Pondok Pucung</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>, </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Kecamatan Pondok Aren, Tangerang Selatan</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Phone</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>:</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(</FONT><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face=arial,sans-serif>022</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>) </FONT><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face=arial,sans-serif>4527201/ </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(</FONT><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face=arial,sans-serif>021</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>) </FONT><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face=arial,sans-serif>5209824&nbsp;</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif>Position</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>:</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Director of Finance</FONT></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 5.85pt 0pt 4.95pt; BACKGROUND: white"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>We hereby state as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 5.85pt 0pt 4.95pt; BACKGROUND: white"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -13.5pt; MARGIN: 0in 4pt 0pt 0.25in; BACKGROUND: white"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>1.&nbsp; We are responsible for the preparation and presentation of the consolidated financial statement of Perusahaan Perseroan (Persero)</FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>PT Telekomunikasi Indonesia Tbk (the &#8220;Company&#8221;) and its subsidiaries;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 4pt 0pt 0in; BACKGROUND: white"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -13.5pt; MARGIN: 0in 4pt 0pt 0.25in; BACKGROUND: white"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp; The Company and its subsidiaries&#8217; consolidated financial statement have been prepared and presented in accordance with Indonesian </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>F</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>inancial </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>A</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ccounting </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>S</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>tandards;&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 4pt 0pt 0in; BACKGROUND: white"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -13.5pt; MARGIN: 0in 4pt 0pt 0.25in; BACKGROUND: white"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>3.&nbsp; All information has been fully and correctly disclosed in the Company and its subsidiaries&#8217; consolidated financial statement;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -27pt; MARGIN: 0in 4pt 0pt 31.5pt; BACKGROUND: white"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -13.5pt; MARGIN: 0in 4pt 0pt 0.25in; BACKGROUND: white"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>4.&nbsp; The Company and its subsidiaries&#8217; consolidated financial statement do not contain false material information or facts, nor do they omit any material information or facts;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -27pt; MARGIN: 0in 4pt 0pt 31.5pt; BACKGROUND: white"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -13.5pt; MARGIN: 0in 4pt 0pt 0.25in; BACKGROUND: white"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>5.&nbsp; We are responsible for the Company and its subsidiaries&#8217; internal control system.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 5.85pt 0pt 4.95pt; BACKGROUND: white"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 5.85pt 0pt 4.95pt; BACKGROUND: white"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>This statement is considered to be true and correct.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 5.85pt 0pt 4.95pt; BACKGROUND: white"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 5.85pt 0pt 4.95pt; BACKGROUND: white"><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face=arial,sans-serif>Jakarta, </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>February </FONT><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face=arial,sans-serif>27, 201</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>5&nbsp;</FONT></P>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; BACKGROUND: white"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman">/s/ Alex J. Sinaga</FONT></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Alex J. Sinaga</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="64%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; BACKGROUND: white"><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman">/s/ Heri Sunaryadi</FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif> &nbsp;</FONT></B></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Heri Sunaryadi</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face=arial,sans-serif>President Director</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Director of Finance</FONT></B></P></TD></TR></TABLE></DIV>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">This
report is originally issued in Indonesian language</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a name=IAR></a><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Independent
Auditors&#8217; Report</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Report No.
RPC-6824/PSS/2015</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
Shareholders and the Boards of Commissioners and Directors of</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Perusahaan
Perseroan (Persero) PT Telekomunikasi Indonesia Tbk</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">We have
audited the accompanying consolidated financial statements of Perusahaan
Perseroan (Persero) PT Telekomunikasi Indonesia Tbk and its subsidiaries, which
comprise the consolidated statement of financial position as of December 31,
201</font><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;">4</font><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, and the consolidated statement</font><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;">s&nbsp;</font><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> of comprehensive income, changes in
equity, and cash flows for the year then ended, and a summary of significant
accounting policies and other explanatory information.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Management&#8217;s
responsibility for the financial statements</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Management
is responsible for the preparation and fair presentation of </font><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;">these </font><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">consolidated financial statements in
accordance with Indonesian Financial Accounting Standards, and for such
internal control as management determines is necessary to enable the
preparation of consolidated financial statements that are free from material
misstatement, whether due to fraud or error.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Auditors&#8217;
responsibility</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Our
responsibility is to express an opinion on </font><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;">these </font><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">consolidated financial statements based on our audit. We
conducted our audit in accordance with Standards on Auditing established by the
Indonesian Institute of Certified Public Accountants. Those standards require
that we comply with ethical requirements and plan and perform the audit to
obtain reasonable assurance about whether </font><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;">these </font><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">consolidated financial statements are free from material
misstatement.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">An audit
involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The procedures selected depend on the
auditors&#8217; judgment, including the assessment of the risks of material
misstatement of the financial statements, whether due to fraud or error. In
making those risk assessments, the auditors consider internal control relevant
to the entity&#8217;s preparation and fair presentation of the financial statements
in order to design audit procedures that are appropriate in the circumstances,
but not for the purpose of expressing an opinion on the effectiveness of the
entity&#8217;s internal control. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of
accounting estimates made by management, as well as evaluating the overall
presentation of the financial statements.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">We believe
that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our audit opinion.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#7f7f7f face=calibri,sans-serif lang=EN-US style="font-size:8.0pt;">Purwantono, Suherman &amp; Surja</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#7f7f7f face=calibri,sans-serif lang=EN-US style="font-size:8.0pt;">Registered Public Accountants KMK No. 381/KM.1/2010</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=#7f7f7f face=calibri,sans-serif lang=EN-US style="font-size:8.0pt;">A member firm of Ernst &amp; Young Global Limited</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">This
report is originally issued in Indonesian language</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Independent
Auditors&#8217; Report (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Report No.
RPC-6824/PSS/2015 (continued)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><i><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Opinion</font></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">In our
opinion, the accompanying consolidated financial statements present fairly, in
all material respects, the consolidated financial position of Perusahaan
Perseroan (Persero) PT Telekomunikasi Indonesia Tbk and its subsidiaries as of
December 31, 201</font><font color=black face=arial,sans-serif lang=IN style="font-size:10.0pt;">4</font><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, and their consolidated financial
performance and cash flows for the year then ended, in accordance with
Indonesian Financial Accounting Standards.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=black face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Purwantono, Suherman &amp;Surja</font></b></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="background:white;margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">/s/ Hari Purwantono</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Drs. Hari Purwantono</font></b></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Public Accountant Registration No. AP.0684</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">February 2</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">7</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5&nbsp;</font></p>

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

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>AS OF </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>DECEMBER 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> AND</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>FOR </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>THE YEAR THEN </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ENDED </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>WITH INDEPENDENT AUDITORS&#8217; REPORT </FONT></B></P>

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

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

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

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

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   <P style="TEXT-ALIGN: left; MARGIN: 6pt 0in 0pt" align=left>
   <A href="#IAR"><U><FONT style="FONT-SIZE: 10pt" lang=IN color=blue face=arial,sans-serif>Independent Auditors&#8217; Report</FONT></U></A></P></TD>

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   <A href="#CSFP"><U><FONT style="FONT-SIZE: 10pt" color=blue face=arial,sans-serif>Consolidated Statement of Financial Position</FONT></U></A></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1-3</FONT></P></TD></TR>

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   <A href="#CSCI"><U><FONT style="FONT-SIZE: 10pt" color=blue face=arial,sans-serif>Consolidated Statement of Comprehensive Income</FONT></U></A></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>4</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 6pt 0in 0pt" align=left>
   <A href="#CSCE"><U><FONT style="FONT-SIZE: 10pt" color=blue face=arial,sans-serif>Consolidated Statement of Changes in Equity</FONT></U></A></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>5-6</FONT></P></TD></TR>

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   <A href="#CSCF"><U><FONT style="FONT-SIZE: 10pt" color=blue face=arial,sans-serif>Consolidated Statement of Cash Flows</FONT></U></A></P></TD>

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

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   <A href="#NCFS"><U><FONT style="FONT-SIZE: 10pt" color=blue face=arial,sans-serif>Notes to the Consolidated Financial Statements</FONT></U></A></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>8-129</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>&nbsp;</FONT></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT><FONT face="arial italic"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US face="arial italic"></FONT></I></FONT></FONT></I>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><A name="CSFP"></A><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>CONSOLIDATED STATEMENT OF FINANCIAL POSITION</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> &nbsp;</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressed in billions of rupiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 6pt" align=left>
<A href="#ToC"><B><U><FONT style="FONT-SIZE: 8pt" lang=EN-US color=blue face=arial,sans-serif>Table of Contents</FONT></U></B></A></P>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Notes</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>ASSETS CURRENT ASSETS</FONT></B></P></TD>

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

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

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

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

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

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Cash and cash equivalents</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2c,2e,2u,4,37,44</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>17,672</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>14,69</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>6</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Other current financial assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2c,2d,2e,2u,3,5,37,44</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,797</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>6,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>872</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Trade receivables - net of provision for impairment of receivables</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2g,2u,6,</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>17,20,21,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>29,44&nbsp;</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

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

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

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

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Related parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2c,37</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>746</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>900</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Third parties</FONT></P></TD>

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

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>5,719</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>5,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>126</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Other receivables - net of provision for impairment of receivables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2g,2u,44</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>383</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>95</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Inventories - net of provision for obsolescence</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>h,7,17,</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>20,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>21&nbsp;</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=Arial,sans-serif>474</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>5</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>09</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Advances and prepaid expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2c,2i,8,</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>37&nbsp;</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>4,733</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>3,9</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>7</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Claim for tax refund</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2t,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>31&nbsp;</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>291</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>10</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Prepaid taxes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2t,31</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>890</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>525</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Asset held for sale</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2j,9</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>57</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>105</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif>Total Current Assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>33,762</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>3</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>075</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif>NON-CURRENT ASSETS</FONT></B></P></TD>

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

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Long-term investments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2f,2u,10,44</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,7</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=Arial,sans-serif>67</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>304</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Property and equipment - net of accumulated depreciation</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2d,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2l,2m,11</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>17,20,21,39&nbsp;</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>9</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=Arial,sans-serif>4,</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>809</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>8</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>6</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>761</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Prepaid pension benefit costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2s,34</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>771</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>927</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Advances and other non-current assets</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2c,2i,2l,2n,2u</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>12,37,41,44&nbsp;</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>6,479</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>4,795</FONT></P></TD>

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

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

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Claims for tax refund </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>- net of current portion</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2t,31</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>745</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>499</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Intangible assets - net of accumulated amortization</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2d,2k,2n,13</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,463</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>508</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Deferred tax assets - net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2t,31</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>99</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>82</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif>Total Non-current Assets</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>107,133</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>9</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>4,876</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif>TOTAL ASSETS</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>140,895</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1</FONT></B><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>27,951</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><FONT face=arial,sans-serif><FONT style="FONT-SIZE: 7pt" lang=EN-US face=arial,sans-serif>The accompanying notes to the consolidated financial statements form an integral part of</FONT></FONT><FONT face=arial,sans-serif><FONT style="FONT-SIZE: 7pt" lang=EN-US face=arial,sans-serif> &nbsp;</FONT></FONT><FONT face=arial,sans-serif><FONT style="FONT-SIZE: 7pt" lang=EN-US face=arial,sans-serif>these consolidated financial statements taken as a whole.</FONT></FONT></P>

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

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>1</FONT></P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>CONSOLIDATED STATEMENT OF FINANCIAL POSITION</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> (continued)</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> &nbsp;</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressed in billions of rupiah, unless otherwise stated)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 2pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 6pt" align=left>
<A href="#ToC"><B><U><FONT style="FONT-SIZE: 8pt" lang=EN-US color=blue face=arial,sans-serif>Table Of Contents</FONT></U></B></A></P>

<DIV align=left>

<TABLE style="WIDTH: 99.92%; BORDER-COLLAPSE: collapse; BACKGROUND: white" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>Notes</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>LIABILITIES AND EQUITY CURRENT LIABILITIES</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

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

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Trade payables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2o,2r,2u,14,44</FONT></P></TD>

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

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

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

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

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Related parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2c,37</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>770</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>826</FONT></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Third parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>11,060</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>0,774</FONT></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Other payables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2u,44</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>114</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>388</FONT></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Taxes payable</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2t,31</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,376</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>1,698</FONT></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Accrued expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2c,2r,2u,15,27,34,37,44</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>5,211</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>5,264</FONT></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Unearned income</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2r,16</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3,963</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3,4</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>90</FONT></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Advances from customers and suppliers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2c,37</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>583</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>472</FONT></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Short-term bank loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2c,2p,2u,17,37,44</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,810</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>432</FONT></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Current maturities of long-term liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2c,2m,2p,2u, 18,37,44</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>5,899</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>5,093</FONT></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif>Total Current Liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>31,786</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>28,437</FONT></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif>NON-CURRENT LIABILITIES</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Deferred tax liabilities - net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2t,31</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,743</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>3,004</FONT></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Other liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2r</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>394</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>4</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>72</FONT></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Long service award provisions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2s,35</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>410</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>336</FONT></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Post-retirement health care benefit costs provisions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2s,36</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>602</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>75</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2</FONT></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Pension and other post-employment benefits</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2s,34</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3,092</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>795</FONT></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Long-term liabilities - net of current maturities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2u,18,44</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

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

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Obligations under finance leases</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2m,11</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>4,218</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>4,321</FONT></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Two-step loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2c,2p,19,37</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,408</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,702</FONT></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Bonds and notes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2c,2p,20,37</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,239</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>073</FONT></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Bank loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2c,2p,21,37</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>7,878</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>5,635</FONT></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total Non-current Liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%">

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>22,984</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>090</FONT></P></TD>

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

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

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="49%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>TOTAL LIABILITIES</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="23%">

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>54,770</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>5</FONT></B><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>0</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>,</FONT></B><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>527</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt"><FONT style="FONT-SIZE: 5pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT face=arial,sans-serif><FONT style="FONT-SIZE: 7pt" lang=EN-US face=arial,sans-serif>The accompanying notes to the consolidated financial statements form an integral part of</FONT></FONT><FONT face=arial,sans-serif><FONT style="FONT-SIZE: 7pt" lang=EN-US face=arial,sans-serif> &nbsp;</FONT></FONT><FONT face=arial,sans-serif><FONT style="FONT-SIZE: 7pt" lang=EN-US face=arial,sans-serif>these consolidated financial statements taken as a whole.</FONT></FONT></P>

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

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>2</FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT face="arial italic"><FONT style="FONT-SIZE: 5pt" lang=EN-US face="arial italic"></FONT></FONT>&nbsp;</P></DIV>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>CONSOLIDATED STATEMENT OF FINANCIAL POSITION</FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif> (continued)</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>December 31, 2014</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(Figures in tables are expressed in billions of rupiah, unless otherwise stated)</FONT></B></P>

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

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 2pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR>

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

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

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Notes</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

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

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

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>EQUITY</FONT></B></P></TD>

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

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

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

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

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

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Capital stock - Rp50 par value per Series A</FONT></P></TD>

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

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

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

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

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

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Dwiwarna share and Series B share</FONT></P></TD>

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

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

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

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

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

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Authorized - 1 Series A Dwiwarna share and 399,999,999,999 Series B shares</FONT></P></TD>

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

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

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

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

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

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Issued and fully paid - 1 Series A Dwiwarna share and 100,799,996,399 Series B shares</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>1c,23</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>5,040</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>5,040</FONT></P></TD>

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

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

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Additional paid-in capital</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2d,2v,24</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,899</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>323</FONT></P></TD>

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

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

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Treasury stock</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2v,25</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(3,836</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(5,805</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Effect of change in equity of associated companies</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2f</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>386</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>386</FONT></P></TD>

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

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

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Unrealized holding gain on available-for-sale securities</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2u</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>39</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>38</FONT></P></TD>

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

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

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Translation adjustment</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2f</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>415</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>91</FONT></P></TD>

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

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

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Difference due to acquisition of non-controlling interests in subsidiaries</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>1d,2d</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(508</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(5</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>08</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Other reserves</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>1d</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>49</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>49</FONT></P></TD>

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

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

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Retained earnings</FONT></P></TD>

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

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

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

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

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

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Appropriated</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>33</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>15,337</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>15,337</FONT></P></TD>

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

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

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Unappropriated</FONT></P></TD>

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

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>47,986</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>43,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>291</FONT></P></TD>

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

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

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Net Equity Attributable to Owners of the Parent Company</FONT></P></TD>

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

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>67,807</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>60,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>542</FONT></P></TD>

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

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

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Non-controlling Interests</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2b,22</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>18,318</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>16,88</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2</FONT></P></TD>

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

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

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.85pt; MARGIN: 0in 0in 0in 10.85pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>TOTAL EQUITY</FONT></B></P></TD>

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

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>86,125</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>77,</FONT></B><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>424</FONT></B></P></TD>

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

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

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -10.85pt; MARGIN: 0in 0in 0in 10.85pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>TOTAL LIABILITIES AND EQUITY</FONT></B></P></TD>

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

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

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>140,895</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1</FONT></B><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>27,951</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT face=arial,sans-serif><FONT style="FONT-SIZE: 7pt" lang=EN-US face=arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT face=arial,sans-serif><FONT style="FONT-SIZE: 7pt" lang=EN-US face=arial,sans-serif>The accompanying notes to the consolidated financial statements form an integral part of</FONT></FONT><FONT face=arial,sans-serif><FONT style="FONT-SIZE: 7pt" lang=EN-US face=arial,sans-serif> &nbsp;</FONT></FONT><FONT face=arial,sans-serif><FONT style="FONT-SIZE: 7pt" lang=EN-US face=arial,sans-serif>these consolidated financial statements taken as a whole.</FONT></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>3</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 8pt" lang=X-NONE face="Times New Roman"></FONT>&nbsp;</P></DIV>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO) </FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><A name="CSCI"></A><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>For </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif> Ended </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>December 31, 2014</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(Figures in tables are expressed in billions of rupiah, unless otherwise stated)</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Notes</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

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

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

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>REVENUES</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2c,2r,26,37</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>89,696</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>82,967</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Operations, maintenance and telecommunication service expenses</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2c,</FONT><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>2h,</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2r,</FONT><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>7,</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>28,37&nbsp;</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(22,288</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(19,332</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Depreciation and amortization</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2k,2l,2m,2r,11,12,13</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(17,131</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(15,780</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Personnel expenses</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2c,2r,2s,15,27,34,35,36,37</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(9,616</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(9,733</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Interconnection expenses</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2c,2r,30,37</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(4,8</FONT><FONT style="FONT-SIZE: 9pt" lang=EN-GB color=windowtext face=Arial,sans-serif>93</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(4,927</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>General and administrative expenses</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2c,2g,2r,2t,6,29,37</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(3,963</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(4,155</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Marketing expenses</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2r</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(3,0</FONT><FONT style="FONT-SIZE: 9pt" lang=EN-GB color=windowtext face=Arial,sans-serif>9</FONT><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>2</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(3,044</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Loss on foreign exchange - net</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2q</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(</FONT><FONT style="FONT-SIZE: 9pt" lang=EN-GB color=windowtext face=Arial,sans-serif>14</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(249</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Other income</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2r,3,11c</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>1,074</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>2,579</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Other expenses</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2r,11c</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(396</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(480</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>OPERATING PROFIT</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>29,377</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>27,846</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Finance income</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2c,37</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>1,238</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>836</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Finance costs</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2c,2r,37</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(1,814</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(1,504</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Share of loss of associated companies</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2f,10</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(1</FONT><FONT style="FONT-SIZE: 9pt" lang=EN-GB color=windowtext face=Arial,sans-serif>7</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>(29</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>PROFIT BEFORE INCOME TAX</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>28,784</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>27,149</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>INCOME TAX (EXPENSE) BENEFIT</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2t,31</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Current</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(7,616</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(6,995</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Deferred</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>278</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>136</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(7,338</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>(6,859</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>PROFIT FOR THE YEAR</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>21,446</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>20,290</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>OTHER COMPREHENSIVE INCOME (LOSS)</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Foreign currency translation</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>1d,2b,2f</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>24</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>120</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Change in fair value of available-for-sale financial assets</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2u</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>1</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(8</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Other Comprehensive Income - net</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>25</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>112</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>TOTAL COMPREHENSIVE INCOME FOR THE YEAR</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>21,471</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>20,402</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Profit for the year attributable to:</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Owners of the parent company</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2b,22</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>14,638</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>14,205</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Non-controlling interests</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>6,808</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>6,085</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>21,446</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>20,290</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Total comprehensive income for the year attributable to:</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Owners of the parent company</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>14,663</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>14,317</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Non-controlling interests</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2b,22</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>6,808</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>6,085</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>21,471</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>20,402</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>BASIC AND DILUTED EARNINGS PER SHARE </FONT></B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>(in full amount) </FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Net income per share</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2x,32</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>149.83</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>147.42</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Net income per ADS (</FONT><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>200&nbsp;</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif> Series B shares per ADS)</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>29,966.</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>70</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>29,483.60</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT face=arial,sans-serif><FONT style="FONT-SIZE: 7pt" lang=EN-US face=arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT face=arial,sans-serif><FONT style="FONT-SIZE: 7pt" lang=EN-US face=arial,sans-serif>The accompanying notes to the consolidated financial statements form an integral part of</FONT></FONT><FONT face=arial,sans-serif><FONT style="FONT-SIZE: 7pt" lang=EN-US face=arial,sans-serif> &nbsp;</FONT></FONT><FONT face=arial,sans-serif><FONT style="FONT-SIZE: 7pt" lang=EN-US face=arial,sans-serif>these consolidated financial statements taken as a whole.</FONT></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>4</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><A name="CSCE"></A><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>CONSOLIDATED STATEMENT OF CHANGES IN EQUITY</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>For </FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif> Ended </FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>December 31, 2014</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(Figures in tables are expressed in billions of rupiah, unless otherwise stated)</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt">
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt"><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

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<TR style="HEIGHT: 8.5pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.5pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -9pt; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.5pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.5pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -9pt; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.5pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.5pt; PADDING-TOP: 0in" vAlign=bottom width="74%" colSpan=21>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -9pt; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Attributable to owners of the parent company</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.5pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.5pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.5pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.5pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 8.5pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 32.1pt">

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Descriptions</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="6%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Notes</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="6%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Capital stock</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="6%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Additional paid-in capital</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="6%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Treasury stock</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="5%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Effect of change in equity of associated companies</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="5%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Unrealized holding gain on available-for-sale securities</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="5%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Translation adjustment</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="5%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Difference due to acquisition of non-controlling interests in subsidiaries</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="5%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Other reserves</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="14%" colSpan=3>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Retained earnings</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="17%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Net</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="5%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Non-controlling interests</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="5%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Total equity</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 32.1pt; PADDING-TOP: 0in" vAlign=top rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 7.15pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.15pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Appropriated</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.15pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 7.15pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Unappropriated</FONT></B></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Balance, December 31, 2013</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>5,040</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>2,323</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(5,805</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>386</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>38</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>391</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(508</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>49</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>15,337</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>43,291</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>60,542</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>16,882</FONT></B></P></TD>

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

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>77,424</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Paid in</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif> capital for</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif> associated companies</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>113</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>113</FONT></P></TD>

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<TR style="HEIGHT: 1pt">

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Cash dividends</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>1d,2w</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>,33&nbsp;</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(9,943</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(9,943</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(5,485</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(15,428</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>Sale of treasury stock</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>2v,25</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>576</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>1,969</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>2,545</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>2,545</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Comprehensive income</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>1d,2b,2f,</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>for the year</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>2q,2u,</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>10&nbsp;</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>1</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>24</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>14,638</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>14,663</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>6,808</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>21,471</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Balance, </FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>December 31, 2014</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>5,040</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>2,899</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(3,836</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>386</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>39</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>415</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(508</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>49</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>15,337</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>47,986</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>67,807</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>18,318</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>86,125</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=arial,sans-serif>The accompanying notes to the consolidated financial statements</FONT><FONT face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" lang=EN-US face=arial,sans-serif> &nbsp;</FONT></FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US face=arial,sans-serif>form an integral part of</FONT><FONT face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" lang=EN-US face=arial,sans-serif> &nbsp;</FONT></FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US face=arial,sans-serif>these consolidated financial statements taken as a whole.</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>5</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>CONSOLIDATED STATEMENT OF CHANGES IN EQUITY</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>For </FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif> Ended </FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>December 31, 2014</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(Figures in tables are expressed in billions of rupiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt"><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face=Arial,sans-serif>Table of Contents</FONT></P>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><SUP><B><FONT style="FONT-SIZE: 4pt" color=windowtext face=Arial,sans-serif></FONT></B></SUP>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><SUP><B><FONT style="FONT-SIZE: 4pt" color=windowtext face=Arial,sans-serif></FONT></B></SUP>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="5%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><SUP><B><FONT style="FONT-SIZE: 4pt" color=windowtext face=Arial,sans-serif></FONT></B></SUP>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><SUP><B><FONT style="FONT-SIZE: 4pt" color=windowtext face=Arial,sans-serif></FONT></B></SUP>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="75%" colSpan=23>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Attributable to owners of the parent company</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><SUP><B><FONT style="FONT-SIZE: 4pt" color=windowtext face=Arial,sans-serif></FONT></B></SUP>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="6%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><SUP><B><FONT style="FONT-SIZE: 4pt" color=windowtext face=Arial,sans-serif></FONT></B></SUP>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><SUP><B><FONT style="FONT-SIZE: 4pt" color=windowtext face=Arial,sans-serif></FONT></B></SUP>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="4%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><SUP><B><FONT style="FONT-SIZE: 4pt" color=windowtext face=Arial,sans-serif></FONT></B></SUP>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom rowSpan=3 width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><SUP><B><FONT style="FONT-SIZE: 4pt" color=windowtext face=Arial,sans-serif></FONT></B></SUP>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Descriptions</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Notes</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 42.25pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Capital stock</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 42.25pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="4%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Additional paid-in capital</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Treasury stock</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 42.25pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="5%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Difference due to restructuring and other transactions of entities under common control</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 42.25pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 42.25pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="5%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Effect of change in equity of associated companies</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 42.25pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 42.25pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="5%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Unrealized holding gain (loss) on available-for-sale securities</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 42.25pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 42.25pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="5%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Translation adjustment</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 42.25pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 42.25pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="5%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Difference due to acquisition of non-controlling interests in subsidiaries</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 42.25pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="4%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Other reserves</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 42.25pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="11%" colSpan=3>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Retained earnings</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 42.25pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="21%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Net</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 42.25pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 42.25pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="6%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Non-controlling interests</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 42.25pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 42.25pt; PADDING-TOP: 0in" vAlign=bottom rowSpan=2 width="4%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Total equity</FONT></B></P></TD></TR>

<TR style="HEIGHT: 22pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 22pt; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Appropriated</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 22pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 22pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Unappropriated</FONT></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Balance, December 31, 2012</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="5%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>5,040</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>1,073</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(8,067</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>478</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>386</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>42</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>271</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(508</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>49</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>15,337</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>37,440</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>51,541</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>15,437</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>66,978</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Adjustment in relation to implementation of Statement of Financial Accounting Standards (PSAK)No. 38 (Revised 2012)</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>2d, 24</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>478</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(478</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="6%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Balance, January 1, 2013- after adjustment</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>5,040</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>1,551</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(8,067</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>386</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>42</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>271</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(508</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>49</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>15,337</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>37,440</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>51,541</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>15,437</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>66,978</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Acquisition of a business</FONT></P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>2d</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>5</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>5</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Issuance of new shares of subsidiaries</FONT></P></TD>

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

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>45</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>45</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Cash dividends</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>1d,2w,33</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(8,354</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(8,354</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(4,690</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(13,044</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Sale of treasury stock and ESOP</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>2v,2</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>5&nbsp;</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>772</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>2,262</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>3,034</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>3,034</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Gain on investment in securities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>2u</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>4</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Comprehensive income (loss) for the year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>1d,2b,2f, 2q,2u,</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>10&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>120</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>14,205</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>14,317</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>6,085</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>20,402</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Balance, December 31, 2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="5%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>5,040</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>2,323</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(5,805</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>386</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>38</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>391</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(508</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>49</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>15,337</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>43,291</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>60,542</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>16,882</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>77,424</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P>

<a name="_bclFooter13"></a><DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=arial,sans-serif>The accompanying notes to the consolidated financial statements</FONT><FONT face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" lang=EN-US face=arial,sans-serif> &nbsp;</FONT></FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US face=arial,sans-serif>form an integral part of</FONT><FONT face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" lang=EN-US face=arial,sans-serif> &nbsp;</FONT></FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US face=arial,sans-serif>these consolidated financial statements taken as a whole.</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>6</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT face=arial,sans-serif>&nbsp;</FONT></P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<a name="_bclHeader14"></a><DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><I><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face=arial,sans-serif>These</FONT></I><I><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face="arial italic"> consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><A name="CSCF"></A><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>CONSOLIDATED STATEMENT OF CASH FLOWS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>For the Year </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Ended </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressed in billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Notes</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>CASH FLOWS FROM OPERATING ACTIVITIES</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Cash receipts from:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Customers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>84,748</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>77,199</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Other operators</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>4,379</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>4,521</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Total cash receipts from revenues</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>89,127</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>81,720</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Interest income received</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>1,236</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>832</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Cash p</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>ayments for expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(33,124</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(27,417</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Cash p</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>ayments to employees</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(9,594</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(9,883</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Payments for </FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>corporate and final </FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>income taxes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(7,436</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(7,397</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Payments for interest costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(1,911</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(1,476</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Payments for value added taxes </FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>- net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(514</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Other cash (payments) receipts </FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>- net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(48</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>216</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Net cash provided by operating activities</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>37,736</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>36,574</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>CASH FLOWS FROM INVESTING ACTIVITIES</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Proceeds from (placements in) time deposits</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>6,178</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(2,288</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Proceeds from sale of property and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>501</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>466</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Proceeds from insurance claims</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>212</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>60</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Proceeds from sale of available-for-sale financial assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>16</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>49</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Divestment of long-term investment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>153</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Acquisition of property and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(24,798</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(19,644</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Placements in escrow account</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(2,121</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Increase in advances for purchases of property and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(1,808</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(775</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Acquisition of</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif> long-term investment</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>s&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(1,487</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(20</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Acquisition of intangible assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(1,328</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(637</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>A</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>cquisition&nbsp;</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif> of business</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>, net of </FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>acquired </FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>cash&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(110</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(201</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Increase in advances and other assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(791</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Divestment of </FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>business&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>926</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Net cash used</FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif> in </FONT></B><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>investing activities</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(24,748</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(22,702</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>CASH FLOWS FROM FINANCING ACTIVITIES</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Proceeds from bank loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>6,626</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>2,665</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Proceeds from short-term bank loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>17</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>3,580</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>813</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Proceeds from sale of treasury stock</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>25</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>2,541</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>2,368</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Proceeds from medium term notes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>20</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>220</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Capital contribution of non-controlling interests in susidiaries</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>74</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>50</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Proceeds from promissory notes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>20</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>28</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>60</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Cash dividends paid to the Company&#8217;s stockholder</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>33</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(9,943</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(8,354</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Cash dividends paid to non-controlling interests of subsidiaries</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(5,485</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(4,690</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Repayments of two-step and bank loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>19,21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(4,538</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(4,803</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Repayments of short-term bank loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>17</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(2,247</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(407</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Payments of obligations under finance leases</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(668</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(550</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Repayments of promissory notes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>20</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(271</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(471</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Repayments of medium term notes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>20</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Net cash used in financing activities</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(10,083</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(13,327</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>NET INCREASE IN CASH AND CASH EQUIVALENTS</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>2,905</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>545</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>71</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>1,039</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>14,696</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>13,118</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>ENDING BALANCE OF DISPOSED SUBSIDIARY</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></B></P></TD>

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   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(6</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>CASH AND CASH EQUIVALENTS AT END OF </FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>YEAR&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>4</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>17,672</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>14,696</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT face=arial,sans-serif><FONT style="FONT-SIZE: 7pt" lang=EN-US face=arial,sans-serif>The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements taken as a whole.</FONT></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>7</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><I><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><A name="NCFS"></A><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressed in billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>1.&nbsp;&nbsp; GENERAL</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a.&nbsp;&nbsp; Establishment and general information</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (the &#8220;Company&#8221;) was originally part of </FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8220;Post en Telegraafdienst&#8221;</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, which was established and operated commercially in 1884 under the framework of Decree No. 7 dated March 27, 1884 of the Governor General of the Dutch Indies. Decree No. 7 was published in State Gazette No. 52 dated April 3, 1884.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>In 1991, the status of the Company was changed into a state-owned limited liability corporation (&#8220;Persero&#8221;) based on Government Regulation No. 25/1991. The ultimate parent of the Company is the Government of the Republic of Indonesia (the &#8220;Government&#8221;) (Notes 1c and 23).</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company was established based on notarial deed No. 128 dated September 24, 1991 of Imas Fatimah, S.H. Its deed of establishment was approved by the Ministry of Justice of the Republic of Indonesia in its Decision Letter No. C2-6870.HT.01.01.Th.1991 dated November&nbsp;19,&nbsp;1991 and was published in State Gazette No. 5 dated January 17, 1992, Supplement No. 210. The Articles of Association has been amended several times, the&nbsp;latest&nbsp;amendment of which was about, among others, the change of capital structure through the Company&#8217;s 5-for-1 stock split whereby each share with par value of Rp250 would be split into Rp50&nbsp;per share, and the Partnership and Community Development Programme (PKBL) was exc</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>luded&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> from the Work Plan and Company Budgets, based on notarial deed No. 11 dated May 8, 2013 of Ashoya Ratam, S.H., MKn. The latest amendment was accepted and approved by the Ministry of Law and Human Rights of the Republic of Indonesia (&#8220;MoLHR&#8221;) in its Letter No. AHU-AH.01.10-22500 dated June 7, 2013 and was published in State Gazette</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> of the Republic of Indonesia</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> No. 26 dated April 1, 2014, </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Supplement of the Republic of Indonesia No. 2990/L.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>In accordance with Article 3 of the Company&#8217;s Articles of Association, the scope of its activities </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>are&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> to provide telecommunication network and services and informatics, and to optimize the Company&#8217;s resources in accordance with prevailing regulations. To achieve this objective, the Company is involved in the following activities:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Main business:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 4pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>i.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Planning, building, providing, developing, operating, marketing</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>/</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>selling</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>/</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>leasing</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>,&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and maintaining telecommunications and information networks </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>in a broad sense </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>in accordance with prevailing </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>regulations</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ii.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Planning, developing, providing, marketing</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>/</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>selling</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>,&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and improving telecommunications and information services </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>in a broad sense </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>in accordance with prevailing </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>regulation</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>s.&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>b.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Supporting business:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 4pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>i.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Providing payment transactions and money transferring services through telecommunications and information networks.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ii.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Performing activities and other undertakings in connection with the optimization of the Company's resources, which, among others, include the utilization of the Company's property and equipment and moving assets, information systems, education and training, and repairs and maintenance facilities.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company&#8217;s head office is located at Jalan Japati No. 1, Bandung, West Java.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>was granted</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> several </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>networks and/or services</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> licenses by the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>G</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>overnment </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>of the Republic of Indonesia </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>which are valid for an unlimited period of time as long as the Company complies with </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>prevailing laws </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>and fulfills the obligation stated in those licenses. For every license, an evaluation is performed annually and an overall evaluation is performed every 5 (five) years. The Company is obliged to submit reports of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>networks and/or </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>services annually to the Indonesian Directorate General of Post and Informatics (&#8220;DGPI&#8221;), which replaced the previous Indonesian Directorate General of Post and Telecommunications (&#8220;DGPT&#8221;).</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>8</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial
statements are originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">1.&#160;&#160; GENERAL (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">a.&#160;&#160; Establishment and
general information (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
reports comprise information such as network development progress, service
quality standard achievement, total customers, license payment and universal
service contribution, while for internet telephone services for public purpose
(&#8220;ITKP&#8221;), Internet Inter</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">c</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">onnection Service, and Internet Access
Service, there </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">are&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> additional information</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">s&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> required such as operational
performance, customer segmentation, traffic, and gross revenue.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Details
of these licenses are as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:96.14%;">
 <tr>
  <td valign=bottom width=29% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=FR style="font-size:9.0pt;">License</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=FR style="font-size:9.0pt;">License No.</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">Type of services</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=FR style="font-size:9.0pt;">Grant
  date/latest </font></b><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">renewal
  date</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=29% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">License to operate local fixed line and
  basic telephone services network</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">381/KEP/M.KOMINFO/10/2010</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">Local fixed line and
  basic telephone services network</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">October 28, 2010</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=29% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">License to operate fixed domestic long
  distance and basic telephone services network</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">382/KEP/M.KOMINFO/10/2010</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">Fixed domestic long
  distance and basic telephone services network</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">October 28, 2010</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=29% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">License to operate fixed international and
  basic telephone services network</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">383/KEP/M.KOMINFO/10/2010</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">Fixed international
  and basic telephone services network</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">October 28, 2010</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=29% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">License to operate fixed closed network</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">398/KEP/M.KOMINFO/11/2010</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">Fixed closed network</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">November 12, 2010</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=29% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">License to operate internet telephone
  services for public purpose</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">384/KEP/DJPT/M.KOMINFO/11/2010</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">Internet
  telephone
  services
  for
  public
  purposes</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">November 29, 2010</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=29% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">License to operate as internet service
  provider</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">83/KEP/DJPPI/KOMINFO/4/2011</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">Internet service provider</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">April 7, 2011</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=29% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">License to operate data communication
  system services</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">169/KEP/DJPPI/KOMINFO/6/2011</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">Data communication system
  services</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">June 6, 2011</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=29% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">License to operate packet switched based
  local fixed line network</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">331/KEP/M.KOMINFO/07/2011</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">Packet switched based
  local fixed line network</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">July 27, 2011</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=29% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">License to operate network access point</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">331/KEP/M.KOMINFO/09/2013</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">Internet
  connection
  services</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">September 24, 2013</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><I><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>1.&nbsp;&nbsp; GENERAL (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>b.&nbsp;&nbsp; Company&#8217;s Board of Commissioners, Board of Directors, Audit Committee, Corporate Secretary and </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>e</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>mployees &nbsp;</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>1.&nbsp;&nbsp; Boards of Commissioners and Directors</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Based on resolutions made at the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Extraordinary General Meeting (&#8220;E</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>GM</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>&#8221;)&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif> as covered by notarial deed No. 35 of Ashoya Ratam, S.H., MKn., dated on December 19, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Annual General Meeting (&#8220;AGM&#8221;) of Stockholders of the Company as covered by notarial deed No. 11 of Ashoya Ratam, S.H., MKn</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>., dated May 8, 2013, t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he composition of the Company&#8217;s Boards of Commissioners and Directors as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014 and 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, respectively, was as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 94.2%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2014*</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>**&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>President Commissioner</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Hendri Saparini</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Jusman Syafii Djamal</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Commissioner</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Dolfie Othiel Fredric Palit</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Parikesit Suprapto</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Commissioner</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Hadiyanto</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Hadiyanto</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Commissioner</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Imam Apriyanto Putro</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Gatot Trihargo</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif>Independent Commissioner</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Virano Gazi Nasution</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif>Virano Gazi Nasution</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif>Independent Commissioner</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Parikesit Suprapto</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif>Independent Commissioner</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Johnny Swandi Sjam</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif>Johnny Swandi Sjam</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>President Director</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Alex Janangkih Sinaga</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Arief Yahya</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Director of Finance</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Heri Sunaryadi</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Honesti Basyir</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Director of Innovation and Strategic Portfolio</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Indra Utoyo</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Indra Utoyo</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Director of Enterprise and Business Service</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Muhammad Awaluddin</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Muha</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>m</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>mad Awaluddin</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Director of Wholesale and International Services</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Honesti Basyir</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Ririek Adriansyah</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Director of Human Capital Management</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Herdy Rosadi Harman</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Priyantono Rudito</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Director of Network, Information Technology and Solution</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Abdus Somad Arief</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Rizkan Chandra</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Director of Consumer Services</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Dian Rachmawan</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Sukardi Silalahi</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -13.5pt; MARGIN: 0in 0in 0pt 67.5pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif>*&nbsp;&nbsp;&nbsp;&nbsp; The change of Director&#8217;s title is based on Director&#8217;s </FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Board Meeting No. 45/REG/XII/2014 dated December 19, 2014.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -13.5pt; MARGIN: 0in 0in 0pt 67.5pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif>*</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>*&nbsp;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;&nbsp; The change of Director&#8217;s title is based on Director&#8217;s Regulation No.202.11/r.00/HK.200/COP-B0400000/2013 dated June 25, 2013 and Director&#8217;s Decree No. SK.2287/PS320/HCC-10/2013 dated June 28, 2013.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -13.5pt; MARGIN: 0in 0in 0pt 67.5pt"><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp;&nbsp; Audit Committee and Corporate Secretary</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The composition of the Company&#8217;s Audit Committee and the Corporate Secretary as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014 and 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, were as follows:</FONT></P>

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<TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2014*</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="35%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Chair</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Johny Swandi Sjam</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Johny Swandi Sjam</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Secretary</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Tjatur Purwadi</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Agus Yulianto</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Member</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Parikesit Suprapto</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Parikesit Suprapto</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Member</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Agus Yulianto</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Sahat Pardede</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Member</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Virano Gazi Nasution</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Virano Gazi Nasution</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="35%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Member</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Honesti Basyir</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Honesti Basyir</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -13.5pt; MARGIN: 0in 0in 0pt 67.5pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif>*&nbsp;&nbsp;&nbsp;&nbsp; The change of Audit Committee is based on </FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Board of </FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif>Commissioners Regulation No.05/KEP/DK/2014 dated March 25, 2014.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>10</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=X-NONE style="font-size:8.0pt;">These consolidated financial
statements are originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">1.&#160;&#160;  GENERAL (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">b.&#160;&#160; Company&#8217;s Board of Commissioners,
Board of Directors, Audit Committee, Corporate Secretary and employees </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3.&#160;&#160; Employees</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As
of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31,
2014 and 2013</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the Group
had </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">25,284&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> employees and 25,011 employees
(unaudited), respectively.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">c.&#160;&#160; Public offering of securities of
the Company</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
Company&#8217;s shares prior to its Initial Public Offering (&#8220;IPO&#8221;) totalled
8,400,000,000, consisting of 8,399,999,999 Series B shares and 1 Series A
Dwiwarna share, and were 100%-owned by&nbsp;the Government. On November 14,
1995, 933,333,000 new Series B shares and 233,334,000&nbsp;Series B shares
owned by the Government were offered to the public through an IPO and listed on
the Indonesia Stock Exchange (&#8220;IDX&#8221;) (previously the Jakarta Stock Exchange and
the Surabaya Stock Exchange) and 700,000,000&nbsp;Series&nbsp;B shares owned by
the Government were offered to the public and listed on the New York Stock
Exchange (&#8220;NYSE&#8221;) and the London Stock Exchange (&#8220;LSE&#8221;), in the form of
American Depositary Shares (&#8220;ADS&#8221;). There were 35,000,000 ADS and each ADS
represented 20&nbsp;Series B shares at that time.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">In
December 1996, the Government had a block sale of its 388,000,000 Series B
shares, and in&nbsp;1997, distributed 2,670,300 Series B shares as incentive to
the Company&#8217;s stockholders who did not sell their shares within one year from
the date of the IPO. In May 1999, the&nbsp;Government further sold 898,000,000
Series B shares.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">To
comply with Law No. 1/1995 on Limited Liability Companies, at the AGM of
Stockholders of the Company on April 16, 1999, the Company&#8217;s stockholders
resolved to increase the Company&#8217;s issued share capital by the distribution of
746,666,640&nbsp;bonus shares through the capitalization of certain additional
paid-in capital, which&nbsp;were made to the Company&#8217;s stockholders in August
1999. On August 16, 2007, Law No. 1/1995 on Limited Liability Companies was
amended by the issuance of Law No. 40/2007 on Limited Liability Companies which
became effective on the same date. Law No. 40/2007 has no effect on the public
offering of shares of the Company. The Company has complied with Law No.
40/2007.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">In
December 2001, the Government had another block sale of 1,200,000,000 shares or
11.9% of the total outstanding Series B shares. In July 2002, the Government
further sold a block of 312,000,000 shares or 3.1% of the total outstanding
Series B shares.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">At
the AGM of Stockholders of the Company held on July 30, 2004, the minutes of
which are covered by notarial deed No. 26 of A. Partomuan Pohan, S.H., LLM.,
the Company&#8217;s stockholders approved the Company&#8217;s 2-for-1 stock split for
Series A Dwiwarna and Series B share. The Series A Dwiwarna share with par
value of Rp500 per share was split into 1 Series A Dwiwarna share with par
value of Rp250 per share and 1 Series B share with par value of Rp250 per share.
The stock split resulted in an increase of the Company&#8217;s authorized capital
stock from 1 Series A Dwiwarna share and 39,999,999,999 Series B shares to 1
Series A Dwiwarna share and 79,999,999,999 Series B shares, and the issued
capital stock from 1 Series A Dwiwarna share and 10,079,999,639 Series B shares
to 1 Series A Dwiwarna share and 20,159,999,279 Series B shares. After the
stock split, each ADS represented 40 Series B shares.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>









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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><I><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>1.&nbsp;&nbsp; GENERAL (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>c.&nbsp;&nbsp; Public offering of securities of the Company (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>During the Extraordinary General Meeting (&#8220;EGM&#8221;) held on December 21, 2005 and the AGM held on June 29, 2007, June 20, 2008, and May 19, 2011, the Company&#8217;s stockholders approved phase I, II, III and IV plan, respectively, of the Company&#8217;s program to repurchase its issued Series B shares (Note 25). </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>During the period December 21, 2005 to June 20, 2007, the Company had bought back 211,290,500 shares from the public (stock repurchase program phase I).</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> O</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>n July 30, 2013, the Company has sold all such shares </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(Note 25).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 37.35pt"><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 37.35pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>At</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> the AGM held on April 19, 2013 as covered by notarial deed No. 38 dated April 19, 2013 of Ashoya Ratam, S.H., MKn., the stockholders approved the changes to the Company&#8217;s plan on the treasury stock acquired under</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> phase III </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(Note</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s 23 and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>25).&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 6pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>At the AGM held on April 19, 2013, the minutes of which are covered by notarial deed No.38 of Ashoya Ratam, S.H</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, MKn</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, the stockholders approved the Company&#8217;s 5-for-1stock split for Series A Dwiwarna and Series B shares. Series A Dwiwarna share with par value of Rp250 per share was split into 1 Series A Dwiwarna share with par value of Rp50 per share and 4 Series B shares with par value Rp50 per share. The stock split resulted in an increase of the Company&#8217;s authorized capital stock from 1 Series A Dwiwarna and 79,999,999,999 Series B shares to 1 Series A Dwiwarna and 399,999,999,999 Series B shares, and the issued capital stock from 1 Series A Dwiwarna and 20,159,999,279 Series B shares to 1 Series A Dwiwarna and 100,799,996,399 Series B shares. After the stock split, each ADS represented 200 Series B shares</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> (Notes 23 and 25).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>On May 16 and June 5, 2014, the </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>C</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ompany deregistered from Tokyo Stock Exchange </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(&#8220;TSE&#8221;)&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> and delisted from the LSE.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>On Ju</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ne 13</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, 201</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>4</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, the Company resold 215,000,000 </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>shares </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(equal to 1,075,000,000 shares after the stock split) </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>treasury stock phase II (Note 25).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, all of the Company&#8217;s Series B shares are listed on the IDX and </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>47,364,601&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> ADS shares are listed on the NYSE (Note 23).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, the Company&#8217;s outstanding bonds representing the second rupiah bonds issued on June 25, 2010 with a nominal amount of Rp1,005 billion for Series A, a five-year period and Rp1,995 billion for Series B, a ten-year period, respectively, are listed on the IDX (Note 20a).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>d.&nbsp;&nbsp; Subsidiaries</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014 and 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, the Company has consolidated the following directly or indirectly owned subsidiaries (Notes 2b and 2d):</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(i)&nbsp;&nbsp; </FONT></I></B><B><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Direct subsidiaries</FONT></U></I></B><B><I><U><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif>:&nbsp;</FONT></U></I></B></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Subsidiary/place of incorporation</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Nature of business/ date of incorporation or acquisition by the Company</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Date of start of commercial operations</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Percentage of ownership interest</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Total assets before elimination</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="26%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>PT Telekomunikasi Selular (</FONT><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>&#8220;Telkomsel&#8221;</FONT></B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>) </FONT><I><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Jakarta, Indonesia</FONT></I></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="21%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Telecommunication &#8211; provides telecommunication facilities and mobile cellular services using Global Systems for Mobile Communication (&#8220;GSM&#8221;) technology/ May 26, 1995</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1995</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>65</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>65</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>78,187</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>73,336</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%" colSpan=2>

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>12</FONT></P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<a name="page_20"></a><a name="_bclPageBorder20"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">

<a name="_bclHeader20"></a><DIV>





<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=X-NONE style="font-size:8.0pt;">These consolidated financial
statements are originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">1.&#160;&#160; GENERAL (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">d.&#160;&#160; Subsidiaries</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(i)&#160;&#160; </font></i></b><b><i><u><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Direct subsidiaries:</font></u></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif 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;margin-left:.75in;width:94.2%;">
 <tr style="height:21.15pt;">
  <td rowspan=2 valign=bottom width=26% style="background:white;border-bottom:solid windowtext 1.0pt;height:21.15pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Subsidiary/place of incorporation</font></b></p>
  </td>
 <td rowspan=2 valign=top width=1% style="background:white;height:21.15pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=21% style="background:white;border-bottom:solid windowtext 1.0pt;height:21.15pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Nature of business/ date of incorporation or
  acquisition by the Company</font></b></p>
  </td>
 <td rowspan=2 valign=top width=1% style="background:white;height:21.15pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=9% style="background:white;border-bottom:solid windowtext 1.0pt;height:21.15pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Date of start of commercial operations</font></b></p>
  </td>
 <td valign=top width=1% style="background:white;height:21.15pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=20% style="background:white;border-bottom:solid windowtext 1.0pt;height:21.15pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Percentage of ownership interest</font></b></p>
  </td>
 <td valign=top width=1% style="background:white;height:21.15pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=20% style="background:white;border-bottom:solid windowtext 1.0pt;height:21.15pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Total assets before elimination</font></b></p>
  </td>
 <td valign=top width=1% style="background:white;height:21.15pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2014</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2013</font></b></p>
  </td>
 <td width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2014</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2013</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Dayamitra Telekomunikasi
  (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8220;Dayamitra&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">),&nbsp;</font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Telecommunication/ May 17,
  2001</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1995</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">8,836</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">7,363</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=26% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Multimedia Nusantara (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8220;Metra&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">),</font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Jakarta,
  Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Multimedia and </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">network&nbsp;</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">
  telecommunication services/May 9, 2003</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1998</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">6,259</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">5,297</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Telekomunikasi</font><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:8.0pt;"> Indonesia International (</font><b><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:8.0pt;">&#8220;TII&#8221;</font></b><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:8.0pt;">), </font><i><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:8.0pt;">Jakarta,
  Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Telecommunication/</font><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:8.0pt;"> July 31, 2003</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1995</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">4,549</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">3,804</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=26% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:8.0pt;">PT P</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">INS Indonesia </font><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:8.0pt;">(</font><b><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:8.0pt;">&#8220;P</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">INS</font></b><b><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:8.0pt;">&#8221;</font></b><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:8.0pt;">)&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> previously PT
  Pramindo Ikat Nusantara</font><i><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:8.0pt;"> Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:8.0pt;">Telecommunication
  construction and services/ August 15, 2002</font></p>
  </td>
 <td valign=top width=1% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:8.0pt;">1995</font></p>
  </td>
 <td valign=top width=1% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">3,129</font></p>
  </td>
 <td valign=top width=1% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IT style="font-size:8.0pt;">1,365</font></p>
  </td>
 <td valign=top width=1% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Graha Sarana Duta (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8220;GSD&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">),
  </font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Leasing of offices and
  providing building management and maintenance services, civil consultant and
  developer/April 25, 2001</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1982</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">99.99</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">99.99</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2,308</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1,574</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=26% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Telkom Akses(</font><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8220;Telkom
  Akses&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">), </font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Construction, service and
  trade in the field of telecommunication/ November 26, 2012</font></p>
  </td>
 <td valign=top width=1% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2013</font></p>
  </td>
 <td valign=top width=1% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2,089</font></p>
  </td>
 <td valign=top width=1% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">946</font></p>
  </td>
 <td valign=top width=1% style="background:white;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Patra Telekomunikasi
  Indonesia (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8220;Patrakom&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">) </font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Jakarta, Indonesia*</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Telecomunicatio</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">n-&nbsp;</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">
  provides </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">satellite&nbsp;</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> communication system, </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">services and facilities/</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">September 28, 1995</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1996</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">345</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">255</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=26% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Infrastruktur Telekomunikasi</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> Indonesia </font><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(&#8220;Telkom Infratel&#8221;)</font></b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> </font><i><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Construction, service and
  trade in the field of telecommunication/ </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">January 16, 2014</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2014</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">331</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=26% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Napsindo Primatel
  Internasional (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8220;Napsindo&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">), </font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Telecommunication -
  provides Network Access Point (NAP), Voice Over Data (VOD) and other related
  services/December 29, 1998</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1999; ceased operations on January 13,2006</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">60</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">60</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">5</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">5</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:63.0pt;text-align:justify;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:7.0pt;">* On September 25 and November 29, 2013, the Company acquired
additional interest of 40% and 20%, respectively, of Patrakom (Note 3).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=center style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:center;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">1.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">GENERAL
(continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">d.&#160;&#160; Subsidiaries (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(ii) </font></i></b><b><i><u><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Indirect subsidiaries:</font></u></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:94.2%;">
 <tr style="height:20.25pt;">
  <td rowspan=2 valign=bottom width=26% style="background:white;height:20.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Subsidiary/place of incorporation</font></b></p>
  </td>
 <td rowspan=2 valign=top width=1% style="background:white;height:20.25pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=21% style="background:white;border-bottom:solid windowtext 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Nature of business/ date of incorporation or
  acquisition by the Company</font></b></p>
  </td>
 <td rowspan=2 valign=top width=1% style="background:white;height:20.25pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=9% style="background:white;height:20.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Date of start of commercial operations</font></b></p>
  </td>
 <td valign=top width=1% style="background:white;height:20.25pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=20% style="background:white;border-bottom:solid windowtext 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Percentage of ownership interest</font></b></p>
  </td>
 <td valign=top width=1% style="background:white;height:20.25pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=20% style="background:white;border-bottom:solid windowtext 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Total assets before elimination</font></b></p>
  </td>
 <td valign=top width=1% style="background:white;height:20.25pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2013</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2013</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Sigma Cipta Caraka (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8220;Sigma&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">),
  </font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Tangerang, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Information technology
  service &#8211; system implementation and integration service, outsourcing and
  software license maintenance/May 1,1987</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1988</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2,515</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1,890</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Infomedia Nusantara(</font><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8220;Infomedia&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">),
  </font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Data and information
  service &#8211; provides telecommunication information services and other
  information services in the form of print and electronic media and call
  center services/September 22,1999</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1984</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">1,354</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1,223</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Telekomunikasi Indonesia
  International Pte. Ltd., </font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Singapore&nbsp;</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Telecommunication/December
  6, 2007</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2008</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">1,058</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">785</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Telekomunikasi Indonesia
  International (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8220;TL&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">) S.A., </font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Timor Leste</font></i></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Telecommunication/September
  11, 2012</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2012</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">832</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">803</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Telkom Landmark Tower (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8220;TLT&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">),</font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Jakarta,
  Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Service for property
  development and management/February 1, 2012</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2012</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">55</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">55</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">828</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">493</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Metra Digital Media (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8220;MD
  Media&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">), </font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Telecommunication
  information services/January 22, 2013</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2013</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">99.99</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">99.99</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">723</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">692</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Telekomunikasi Indonesia
  International (</font><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&#8220;Telkom </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">USA</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">) Inc. </font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">USA&nbsp;</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Telecommunication/December
  11, 2013</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2014</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">532</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Telekomunikasi Indonesia
  International Ltd.,</font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> Hong Kong</font></i></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Telecommunication/December
  8, 2010</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2010</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">242</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">90</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Finnet Indonesia(</font><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8220;Finnet&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">),
  </font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Information Technology
  services/October 31, 2005</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2006</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">60</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">60</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">208</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">203</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Telekomunikasi Indonesia
  Internasional Pty Ltd.</font><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">
  (&#8220;Telkom Australia&#8221;) </font></b><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Australia&nbsp;</font></i></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Telecomunication/January 9,
  2013</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2013</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">190</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Administrasi Medika(</font><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8220;Ad
  Medika&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">), </font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Health insurance
  administration services/February 25, 2010</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2002</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">75</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">75</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">136</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">127</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">1.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">GENERAL
(continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">d.&#160;&#160; Subsidiaries (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(ii) </font></i></b><b><i><u><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Indirect subsidiaries:</font></u></i></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext 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;margin-left:.75in;width:94.2%;">
 <tr style="height:22.5pt;">
  <td rowspan=2 valign=bottom width=26% style="background:white;border-bottom:solid windowtext 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Subsidiary/place of incorporation</font></b></p>
  </td>
 <td rowspan=2 valign=top width=1% style="background:white;height:22.5pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=21% style="background:white;border-bottom:solid windowtext 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Nature of business/</font></b><b><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">date of incorporation </font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">or acquisition by the Company</font></b></p>
  </td>
 <td rowspan=2 valign=top width=1% style="background:white;height:22.5pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=10% style="background:white;border-bottom:solid windowtext 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Date of</font></b><b><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;"> start of</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> commercial operations</font></b></p>
  </td>
 <td valign=top width=1% style="background:white;height:22.5pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=20% style="background:white;border-bottom:solid windowtext 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Percentage of ownership interest</font></b></p>
  </td>
 <td valign=top width=1% style="background:white;height:22.5pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=19% style="background:white;border-bottom:solid windowtext 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Total assets before elimination</font></b></p>
  </td>
 <td valign=top width=1% style="background:white;height:22.5pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2014</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2013</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2014</font></b></p>
  </td>
 <td width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2013</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">PT Nusantara Sukses
  Investasi (</font><b><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">&#8221;NSI&#8221;</font></b><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">) </font><i><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">Trade and service /</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">September 1, 2014</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">2014</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">99,99</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">115</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Metra Plasa (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8220;Metra
  Plasa&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">), </font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Network &amp; e-commerce
  services/April 9, 2012</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2012</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">60</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">60</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">88</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">86</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Graha Yasa Selaras (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8220;GYS&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)&nbsp;</font><i><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;"> Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Tourism service/April 27,
  2012</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2012</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">51</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">51</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">88</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">32</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Metra-Net (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8220;Metranet&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">),&nbsp;</font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">
  Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Multimedia portal
  service/April 17, 2009</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2009</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">99.99</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">99.99</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">42</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">40</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Pojok Celebes Mandiri (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8220;PCM&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)
  </font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Tour agent/bureau
  services/August 16, 2013</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2008</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">51</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">51</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">13</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">14</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Satelit Multimedia
  Indonesia (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8220;SMI&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)&nbsp;</font><i><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">
  Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Satellite services/ March
  25, 2013</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2013</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">99.99</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">99.99</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">7</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">6</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Metra Digital</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> Investama</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">
  (</font><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8220;MDI&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">) </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">previously PT
  Metra Media</font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Trade service, information
  &amp; technology multimedia, entertainment &amp; investment/</font><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">January 8, 2013</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2013</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">99.99</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">99.83</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Telekomunikasi Selular
  Finance Limited(</font><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&#8220;TSFL&#8221;</font></b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">), </font><i><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Mauritius</font></i><i><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">*&nbsp;</font></i></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Finance - established to
  raise funds for the development of Telkomsel&#8217;s business through the issuance
  of debenture stock, bonds, mortgages or any other securities/</font><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">April 22, 2002</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2002</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">65</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">0</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Metra TV </font><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">(</font><b><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">&#8220;Metra TV&#8221;</font></b><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">)</font><i><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Pay TV</font><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;"> services/ January 8, 2013</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2013</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">99.83</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">99.83</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">PT Nusantara Sukses
  Sarana(</font><b><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">&#8221;NSS&#8221;</font></b><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">)&nbsp;</font><i><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;"> Jakarta, Indonesia</font></i></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">Hotel and building
  management services, etc/</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">September 1,
  2014</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">99,99</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=26% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">PT Nusantara Sukses
  Realti (</font><b><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">&#8221;NSR&#8221;</font></b><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">) </font><i><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">Jakarta,&nbsp;</font></i><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;"> </font><i><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">Indonesia&nbsp;</font></i></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">Trade and service /</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">September 1,</font><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;"> 2014</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:8.0pt;">99,99</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:49.5pt;text-align:justify;text-indent:-4.5pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">*</font><font color=windowtext face=Arial,sans-serif lang=DE style="font-size:7.0pt;"> Based on General Notice of Direction of Insolvency
Service of Mauritus No.844 of 2014, TSFL was liquidated effective from March 20, 2014.</font></p>

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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=X-NONE style="font-size:8.0pt;">These consolidated financial
statements are originally issued in Indonesian language.</font></i></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">1.&#160;&#160; GENERAL (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">d.&#160;&#160; Subsidiaries (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(a)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Metra&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">On January 8, 2013, based on notarial
deed No. 02 dated January 8, 2013 of Utiek R. Abdurachman, S.H., MLI., MKn.,
which was approved by the MoLHR through its Letter No. AHU-03276.AH.01.01/2013
dated January 29, 2013, Metra established a subsidiary, PT Metra Media (&#8220;MM&#8221;),
and obtained 99.83% ownership. MM is engaged in providing trade, construction,
advertising and other services.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">On
January 8, 2013, based on notarial deed No. 03 dated January 8, 2013 of Utiek
R. Abdurachman, SH., MLI., MKn., which was approved by the MoLHR through its
Letter No. AHU-03261.AH.01.01/2013 dated January 29, 2013, Metra established a
subsidiary, PT Metra TV (&#8220;Metra TV&#8221;), and obtained 99</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">.</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">83%
ownership. Metra TV is engaged in providing subscription-broadcasting services. </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">As of the date of this consolidated
financial statements, Metra TV has no operational activities yet.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">On January 22, 2013, based on notarial
deed No. 28 dated January 22, 2013 of N.M. Dipo Nusantara Pua Upa, S.H., MKn.,
which was approved by the MoLHR through its Letter No.&nbsp;AHU-03084.AH.01.01/2013
dated January 28, 2013, Metra established a subsidiary, PT&nbsp;Metra Digital Media
(&#8220;MD Media&#8221;), and obtained 99.99% ownership. MD Media is engaged in providing
telecommunication information and other services. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">On
March 25, 2013, based on notarial deed No. 38 dated March 25, 2013 of N.M. Dipo
Nusantara Pua Upa, S.H., MKn., which was approved by the MoLHR in its Letter
No. AHU-20566.AH.01.01/2013 dated April 17, 2013, Metra
established PT Satelit Multimedia Indonesia (&#8220;SMI&#8221;) and obtained 99.99%
ownership. SMI is engaged in commerce and providing network services,
telecommunication, satellite, and multimedia devices.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">On
August 16, 2013, based on notarial deed No. 5 dated August 16, 2013 of N.M.
Dipo Nusantara Pua Upa, S.H., MKn.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> which was approved by the MoLHR in
its Letter No. AHU-0081886.AH.01.09/2013 dated August 30, 2013, Metra changed
the ownership of PT Pojok Celebes Mandiri (&#8220;PCM&#8221;) after the signing of Sales
and Purchase of Share Agreement dated June 12, 2013 regarding the purchase of
Pointer&#8217;s shares of 2,550 shares equivalent to Rp255 million or 51% ownership.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">On </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">May&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> 14, 2014, based on the
Circular Resolution of the Stockholders of PT Indonusa Telemedia (&#8220;Indonusa&#8221;) </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">as&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> covered by notarial deed No. 57 dated
April 23, 2014 of FX Budi Santoso Isbandi, S.H., which was approved by the
MoLHR in its LetterNo. AHU-02078.40.20.2014 dated April 29, 2014, Indonusa&#8217;s
stockholders approved an increase in its issued and paid capital amounting to
Rp80 billion. The Company has waived its right to own the new shares issued and
transferred it to Metra</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
and as of a result </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Metra&#8217;s ownership in Indonusa increased </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">to&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> 4.33%. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">On June 5, 2014, based on the Circular Resolution of the
Stockholders as covered by notarial deed No. 18 of N.M. Dipo Nusantara Pua Upa,
S.H., M.Kn., which was approved by the MoLHR through its Letter No.
AHU-03769.40.20.2014 dated June 10, 2014, PT Metra Media&#8217;s stockholders
approved the change of name of PT Metra Media into PT Metra Digital Investama
(&#8220;MDI&#8221;).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>





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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><I><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; 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: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>1.&nbsp;&nbsp; GENERAL (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>d.&nbsp;&nbsp; Subsidiaries (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -21.25pt; MARGIN: 0in 0in 0pt 56.7pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(a)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Metra&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> (continued)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 56.7pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>On August 29, 2014, Metra signed </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>a S</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>hareholders Agreement with Telstra Holding Singapore Pte. Ltd. to establish</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> a</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> joint venture company under the name of PT Teltranet Aplikasi Solusi (&#8220;Teltranet&#8221;). Metra obtained 51% ownership in Teltranet or USD4.29 million of total USD8</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>43 million</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> paid capital</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. Metra has no controls in determin</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ing&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Teltranet&#8217;s operations and financial policies. Teltranet is engaged in the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>sevices and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>communication system </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(Note 1</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>0</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 56.7pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>On December 12, 2014, based on the Circular Resolution of the Stockholders of Metra as covered by notarial deed No. 24 dated December 12, 2014 of N.M. Dipo Nusantara</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> Pua Upa</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, S.H., M.Kn., which has been approved by the MoLHR through its Letter No. AHU-09792.40.21.2014 dated December 17, 2014, Metra&#8217;s stockholders approved an increase in its authorized capital to 350,000,000 shares, amounting to Rp3.5 trillion </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>which was </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>taken </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>proportionately </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>by each of the shareholders and approved an increase in its issued and paid capital</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> to</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> 273,307,349 shares amounting to Rp2.7 trillion.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(b)&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>TII&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>On January 9, 2013, b</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ased on the Circular Resolution of the Stockholders of TII, as covered by notarial deed No. 04 dated February 6, 2013 of Siti Safarijah, S.H., TII&#8217;s stockholders agreed to establish a subsidiary, Telekomunikasi Indonesia Internasional Australia Pty. Ltd. (&#8220;Telkom Australia&#8221;). Telkom Australia is engaged in providing telecommunication services and IT-based services.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>On May 13, 2013, TII through Telekomunikasi Indonesia International (Hong Kong) Ltd. established a subsidiary in Macau under the name Telkom Macau Ltd, (&#8220;Telkom Macau&#8221;). Telkom Macau is engaged in providing telecommunication services.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>On June 3, 2013, TII through Telekomunikasi Indonesia International (Hong Kong) Ltd. established a subsidiary in Taiwan under the name Telkom Taiwan Ltd, (&#8220;Telkom Taiwan&#8221;). Telkom Taiwan is engaged in providing telecommunication services.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>On </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, 2013, TII established a subsidiary in the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>United States</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> of America, </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Telekomunikasi Indonesia International (USA), Inc. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Ltd. (&#8220;Telkom </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>USA</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8221;). Telkom </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>USA&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> will be engaged in providing telecommunication services. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>On September 25, 2014, TII through Telkom Australia </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>has </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>acquired 75% </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ownership </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>of Contact Centres Australia Pty. Ltd</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>.&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> (&#8220;CCA&#8221;) </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(Note 3a)</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(c)&nbsp; Sigma</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>On January 17, 2013, Sigma signed a </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>S</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ale and P</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>urchase of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>S</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>hares and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Transfer </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>D</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ebt A</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ssignment Agreement with Landeskreditbank Baden-Wu</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>r</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ttemberg-Forderbank (&#8220;L-Bank&#8221;), and Step Stuttgarter Engineering Park Gmbh. (&#8220;STEP&#8221;) as stockholders of PT German Center Indonesia (&#8220;GCI&#8221;). Based on the agreement, Sigma agreed to buy all the shares of GCI owned by L-Bank and STEP and take over L-Bank&#8217;s stockholders&#8217; loan </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>with the acquisition price at </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>US$17.8 million (equivalent to Rp170 billion). The closing of this transaction was held on April 30, 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> (Note 3a)</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp;</FONT></P>

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<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial
statements are originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT
TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in
tables are expressedin billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">1.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">GENERAL (continued)</font></b></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-35.8pt;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">d.&#160;&#160; Subsidiaries (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-35.8pt;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(c)&#160; Sigma</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Sigma has changed its </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Articles of Association</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> several times, the latest changes was notarized in
notarial deed No. 02 dated December 4, 2014 of Utiek Rochmuljati Abdurachman,
SH., MLI., Mkn., regarding the changes of the authorized capital, the issued
and paid capital. Changes in the Articles of Association were approved by MoLHR
through its Letter No. AHU-12707.40.20.2014 dated December 11, 2014.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(d)&#160; Infomedia</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Based
on notarial deed No. </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">04&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> dated </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">March 7</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">,
201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">3&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Sjaaf De Carya Siregar, S.H.</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">,
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Infomedia</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#8217;s
stockholders agreed to</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
distribute dividend which was returned as </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">the
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">increment of
issued and fully paid capital amounting to Rp44 billion.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Based
on notarial deed No. 18 dated July 24, 2013 of Zulkifli Harahap, S.H.,
Infomedia&#8217;s stockholders approved </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> increase </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">of&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> its paid-in capital </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">of&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 88,529,790 shares, amounting to Rp44 billion</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, which was taken proportiona</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">tel</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">y by each of stockholder. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">On
November 20, 2013, Infomedia </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">signed&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> an agreement transfer</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ring </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">its
Telephone Directory Management business to MD Media. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">e</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">)&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160; </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Dayamitra&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">On April 5, 2013, based on notarial
deed No.002 dated April 5, 2013 of Andi Fatma Hasiah, S.H., M.Kn., Dayamitra&#8217;s
stockholders agreed to distribute dividend which was returned as increment of
issued and fully paid capital amounting to Rp31 billion.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">On October 9, 2014, the Company signed
a Conditional Shares Exchange Agreement with PT Tower Bersama Infrastructure Tbk.
(&#8220;TBI&#8221;) to exchange its 49% ownership in Dayamitra for 5.7% ownership in TBI.
In addition, there is an option to exchange the Company&#8217;s remaining 51%
ownership in Dayamitra within 2 years that will increase the Company&#8217;s
ownership up to 13.7% in TBI. As of the issuance date of this consolidated
financial statement, the transaction is still in process.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:54.6pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(f)&#160;&#160; Telkom Infratel</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">On January </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">16</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, 2014 the Company established a wholly owned subsidiary
under the name PT Telkom Infrastruktur Telekomunikasi Indonesia
(&#8220;Telkom Infratel&#8221;) which </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">was&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> approved by the MoLHR through its
Decision Letter </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">No.
AHU-0</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3196</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">.AH.0</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">.0</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">.201</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">4&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> dated </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">January
23</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, 201</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">4</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">.&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Telkom Infratel is engaged in
providing construction</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> service and trad</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ing </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">of telecommunication</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">s</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">g</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">)&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160; </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">PINS&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Based on the Circular Resolution of
the Shareholders of PT Pramindo Ikat Nusantara which stated on notarial deed
No. 037 dated November 29, 2012 of Andi Fatma Hasiah, S.H., M.Kn., PT Pramindo
Ikat Nusantara changed its name into PT PINS Indonesia.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">On
May 19, 2014, PINS signed a Conditional Sale and Purchase of Shares Agreement
with PT Upaya Cipta Sejahtera, PT Esa Utama Inti Persada, PT Sinarmas
Sekuritas, and PT Tiphone Mobile Indonesia, Tbk (&#8220;Tiphone&#8221;). Subsequently on
September 11, 2014, based on notarial deed No. 118 dated September 11, 2014 of
Jimmy Tanal, S.H., M.H., PINS acquired 25% ownership in Tiphone </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">at&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;"> a purchase
price of Rp1,395 billion (Note 10).</font></p>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><I><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; 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: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1.&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>GENERAL (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -35.8pt; MARGIN: 0in 0in 0pt 0.75in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>d.&nbsp;&nbsp; Subsidiaries (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 31.5pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(h)&nbsp;&nbsp;&nbsp; GSD</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 56.7pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>On August 27, 2014, based on notarial deed No. 21 dated August 27, 2014 of Zulkifli Harahap, S.H., which was approved by the MoLHR in its Letter No. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>AHU-22722.40.10.2014&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> dated </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>September 1</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, 2014, GSD established a subsidiary, PT Nusantara Sukses Sarana (&#8220;NSS&#8221;) and obtained 99.99% ownership. NSS is engaged in </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>building and hotel service</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> management</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, and other service</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s. As of th</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>e date of th</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>is consolidated financial statements, NSS has no operational activities yet.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 56.7pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>On August 27, 2014, based on notarial deed No. 22 dated August 27, 2014 of Zulkifli Harahap, S.H., which was approved by the MoLHR in its Letter No. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>AHU-2272</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>3</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.40.10.2014&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> dated </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>September 1</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, 2014, GSD established a subsidiary, PT Nusantara Sukses Realti (&#8220;NSR&#8221;) and obtained 99.99% ownership. NSR is engaged in service and trading. As of the date of this consolidated financial statement</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>s</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, NSR has no operational activities yet.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 56.7pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>On August 27, 2014, based on notarial deed No. 23 dated August 27, 2014 of Zulkifli Harahap, S.H., which was approved by the MoLHR in its Letter No. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>AHU-2272</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>4</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.40.10.2014&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> dated </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>September 1</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, 2014, GSD established a subsidiary, PT Nusantara Sukses Investasi (&#8220;NSI&#8221;) and obtained 99.99% ownership. NSI is engaged in service and trading.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>e.&nbsp;&nbsp; Authorization for the issuance of the consolidated financial statements</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>The consolidated financial statements were prepared and approved for issuance by the Board of Directors on February 27, 2015.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp;&nbsp; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>The consolidated financial statements of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>he Group ha</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> been prepared in accordance with </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Financial Accounting Standards (&#8220;Standar Akuntansi Keuangan&#8221; or &#8220;SAK&#8221;) including </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Indonesian Financial Accounting Standards </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(&#8220;Pernyataan Standar Akuntansi Keuangan&#8221; or &#8220;PSAK&#8221;) and Interpretation of Financial Accounting Standards (&#8220;Interpretasi Standar Akuntansi Keuangan&#8221; or &#8220;ISAK&#8221;) in Indonesia published by Financial Accounting Standard Board of Indonesian Institute of Accountants </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>and Regulation No. VIII.G.7</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Capital Market and Financial Institution Supervisory Agency (&#8220;Bapepam-LK&#8221;) regarding the Presentation and Disclosures of Financial Statements of Issuers or Public Companies, enclosed in the decision letter KEP- 347/BL/2012</FONT><I><FONT style="FONT-SIZE: 9.5pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp;</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a.&nbsp;&nbsp; Basis of preparation of financial statements</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The consolidated financial statements, except for the consolidated statements of cash flows, are prepared on the accrual basis. The measurement basis used is historical cost, except for certain accounts, which are measured using the basis mentioned in the relevant notes here in.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The consolidated statements of cash flows are prepared using the direct method and present the changes in cash and cash equivalents from operating, investing and financing activities.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Figures in the consolidated financial statements are presented and rounded to billions of Indonesian rupiah (&#8220;Rp&#8221;), unless otherwise stated.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>19</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp;&nbsp; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="arial bold italic"></FONT></I></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a.&nbsp;&nbsp; Basis of preparation of financial statements (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Changes to the statements of financial accounting standards (PSAKs) and interpretations of statements of financial accounting standards (&#8220;Interpretasi Standar Akuntansi Keuangan&#8221; or &#8220;ISAKs&#8221;)</FONT></I></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>On January 1, 201</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>4</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, the Group adopted new and revised PSAKs, which were effective in 201</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>4</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. Changes to </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he Group&#8217;s accounting policies have been made as required in accordance with the transitional provisions in the respective standards and interpretations.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The adoption of these new/revised standards and interpretations had no material effect to the consolidated financial statements:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ISAK 27</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, &#8220;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Transfer of Assets from Customers</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8221;&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ISAK 28, &#8220;Extinguishing Financial Liabilities with Equity Instruments</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8221;&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Several PSAKs and ISAKs</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> have been</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> issued by the Indonesian Financial Accounting Standards Board (DSAK) that are considered relevant to the financial reporting of the Group but are effective only for financial statements covering the periods beginning on or after either January 1, 2015.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Effective beginning on or after January 1, 2015</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>PSAK 1 (2013)</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, &#8220;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Presentation of Financial Statements</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8221;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, adopted from International Accounting Standards (IAS) 1</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>se&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> amendments are expected to</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> only</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> impact the presentation of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>consolidated financial statement</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and not expected to impact the Group&#8217;s consolidated financial position and performance. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>PSAK 4 (2013)</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, &#8220;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Separate Financial Statements</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8221;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, adopted from IAS 4</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The amendments are not expected to impact the Group&#8217;s consolidated financial position and performance.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>PSAK 15 (2013)</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, &#8220;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Investments in Associates and Joint Ventures</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8221;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, adopted from IAS 28</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The amendments are not expected to impact the Group&#8217;s consolidated financial position and performance.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>PSAK 24 (2013)</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, &#8220;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Employee Benefits</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8221;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, adopted from IAS 19</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The amendments are expected to impact the Group&#8217;s consolidated financial position and performance mainly for the changes in: past service costs </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>is&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> no longer deferred and recognized over the vesting period; actuarial gains or losses are recognized immediately; interest cost and expected return on plan assets are replaced with net interest </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>cost </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>which is calculated by applying the discount rate to the net defined benefit liability or asset at the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>beginning&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> of period.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>PSAK 46 (2014), &#8220;Income Tax&#8221;, adopted from IAS 12</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The amendments are not expected to impact the Group&#8217;s consolidated financial position and performance.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>PSAK 48 (2014), &#8220;Asset Impairment&#8221;, adopted from IAS 36</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The amendments are not expected to impact the Group&#8217;s consolidated financial position and performance.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>PSAK 50 (2014), &#8220;Financial Instrument: Presentation&#8221;, adopted from IAS 32</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The amendments are expected to</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> only</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> impact the presentation of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>consolidated financial statement</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and not expected to impact the Group&#8217;s consolidated financial position and performance.</FONT></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><I><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp;&nbsp; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a.&nbsp;&nbsp; Basis of preparation of financial statements (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Effective beginning on or after January 1, 2015</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>PSAK 55 (2014), &#8220;Financial Instrument: Measurement and Recognition&#8221;, adopted from IAS 39</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. The amendments are not expected to impact the Group&#8217;s consolidated financial position and performance.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>PSAK 60 (2014), &#8220;Financial Instrument: Disclosure&#8221; adopted from International Financial Reporting Standards (IFRS) 7&#8221;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The amendments are expected to impact the disclosure of consolidated financial statement</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and not expected to impact the Group&#8217;s consolidated financial position and performance.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>PSAK 65</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, &#8220;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Consolidated Financial Statements</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8221;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, adopted from IFRS 10</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The amendments are not expected to impact the Group&#8217;s consolidated financial position and performance.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>PSAK 66</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, &#8220;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Joint Arrangements</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8221;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, adopted from IFRS 11</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The standards are not expected to impact the Group&#8217;s consolidated financial position and performance.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>PSAK 67</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, &#8220;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Disclosure of Interest in Other Entities</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8221;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, adopted from IFRS 12</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The standards are not expected to impact the Group&#8217;s consolidated financial position and performance.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>PSAK 68</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, &#8220;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Fair Value Measurement</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8221;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, adopted from IFRS 13</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The standards are not expected to impact the Group&#8217;s consolidated financial position and performance.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ISAK 26 (2014), &#8220;Revaluation of Embedded Derivatives&#8221;, adopted from IFRIC 9</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in; VERTICAL-ALIGN: baseline"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The interpretations are not expected to impact the Group&#8217;s consolidated financial position and performance.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>b.&nbsp;&nbsp; Principles of consolidation</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The consolidated financial statements include the assets and liabilities of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he Group in which the Company, directly or indirectly has ownership of more than half of the voting </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>right&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and has the ability to govern the financial and operating policies of the entity unless, in exceptional circumstances, it can be clearly demonstrated that such ownership does not constitute control, or the Company has the ability to control the entity, even though the ownership is less than or equal to half of the voting </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>right</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. Subsidiaries are consolidated from the date on which effective control is obtained and are no longer consolidated from the date control ceases. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Non-controlling interest represents the portion of the profit and loss and net assets of the subsidiaries not attributable, directly or indirectly, to the Company. Profit or loss and each component of other comprehensive income are attributed to the owners of the Company and to the non-controlling interests proportionately in accordance with their ownership in the subsidiaries. Non-controlling interests are presented under the equity section of the consolidated statement of financial position, separately from the owners of the Company&#8217;s equity. In the consolidated statement of compherensive income, total profit or loss and total comprehensive income that can be attributed to the owners of the Company and to the non-controlling interests are presented separately, and not presented as income or expense. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Significant i</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ntercompany balances and transactions have been eliminated in the consolidated financial statements.</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=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; 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: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp;&nbsp; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>b.&nbsp;&nbsp; Principles of consolidation (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 1pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>In case of loss of control over a subsidiary, the Company:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>derecognizes the assets (including goodwill) and liabilities of the subsidiary at the carrying amounts when its loses of control;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>derecognizes the carrying amounts of any non-controling interests of its former subsidiary on the date when it loses control;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>recognizes the fair value of the consideration received (if any) from the transaction, events, or condition that caused the loss of control;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>recognizes the fair value of any investment retained in the subsidiary at fair value on the date of loss of control;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>recognizes any surplus or deficit in profit or loss that is attributable to the Company.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>c.&nbsp;&nbsp; Transactions with related parties</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>The Group has transactions with related parties. The definition of related parties used is in accordance with the Bapepam-LK&#8217;s Regulation No. VIII.G.7 regarding the Presentations and Disclosures of Financial Statements of Issuers or Public companies, enclosed in the decision letter No. KEP-347/BL/2012. The part</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>y&nbsp;</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> which </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>is&nbsp;</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> considered as a related party </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>is&nbsp;</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> a person or entity that is related to the entity that is preparing its financial statements.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Under the Regulation of Bapepam-LK No. VIII.G.7 regarding the Presentations and Disclosures of Financial Statements of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Issuers or Public companies</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, enclosed in the decision letter No.KEP-347/BL/2012, a government-related entity is an entity that is controlled, jointly controlled or significantly influenced by a government. Government in this context is the Minister of Finance or the Local Government, as the shareholder of the entity. Formerly, </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he Group in its disclosure applied the definition of related party used based on PSAK 7 &#8220;Related Party&#8221;. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.7pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.7pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Key management personnel are identified as the persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including any director (whether executive or otherwise) of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he Group. The related-party status extends to the key management of the subsidiaries to the extent they direct the operations of subsidiaries with minimal involvement from the Company&#8217;s management.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>d.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Business combinations</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -24pt; MARGIN: 0in 0in 0pt 60pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Business combination is accounted for using the acquisition method. The consideration transferred is measured at fair value, which is the aggregate of the fair value of the assets transferred, liabilities incurred or assumed and the equity instruments issued in exchange for control of the acquiree. For each business combination, non-controlling interest is measured at fair value or at the proportionate share of the acquiree&#8217;s identifiable net assets. The choice of measurement basis is made on a transaction-by-transaction basis. Acquisition-related costs are expensed as incurred. The acquiree&#8217;s identifiable assets and liabilities are recognized at their fair values at the acquisition date.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Goodwill is initially measured at cost, being the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling interests, and any previous interest held, over the net identifiable assets acquired and liabilities assumed. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>If the fair value of net assets acquired is in excess of the aggregate consideration transferred, the Group re-assess whether it has correctly identified all of the assets acquired and all of the liabilities assumed, and reviews the procedures used to measure the amounts to be recognized at the acquisition date. If the re-assessment still results in an excess of the fair value of net assets acquired over the aggregate consideration transferred, then gain is recognized in the statement of profit and loss.</FONT></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><I><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp;&nbsp; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -397.2pt; MARGIN: 0in 0in 0pt 5.75in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>d.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Business combinations (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>When the determination of consideration from a business combination includes contingent consideration, it is measured at its fair value on acquisition date. Contingent consideration is classified either as equity or a financial liability. Amounts classified as a financial liability are subsequently remeasured to fair value with changes in fair value recognized in profit or loss when adjustments are recorded outside the measurement period. Changes in the fair value of the contingent consideration that qualify as measurement-period adjustments are adjusted retrospectively, with corresponding adjustments made against goodwill. Measurement-period adjustments are adjustments that arise from additional information obtained during the measurement period, which cannot exceed one year from the acquisition date, about facts and circumstances that existed at the acquisition date.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>In a business combination achieved in stages, the acquirer remeasures its previously held equity interest in the acquiree at its acquisition-date fair value and recognizes the resulting gain or loss, if any, in profit or loss. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Based on PSAK 38 (Revised 2012), &#8220;Common Control Business Combination&#8221;, the transfer of assets, liabilities, shares or other ownership instruments among the companies under common control would not result in a gain or loss. Since the restructuring transaction between entities under common control does not result in a change of the economic substance of the ownership of assets, liabilities, shares or other instruments of ownership, which are exchanged, assets or liabilities transferred are recorded at book value using the pooling-of-interests method. In applying the pooling-of-interests method, the components of the financial statements for the period during which the restructuring occurred must be presented in such a manner as if the restructuring has occurred since the beginning of the earliest period presented. The excess of consideration paid or received over the carrying value of interest acquired, net of income tax, is directly recognized to equity and presented as &#8220;Additional Paid-in Capital&#8221; under the equity section of the consolidated statement of financial position.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>At the initial application of PSAK 38 (Revised 2012), all balances of the Difference In Value of Restructuring Transactions of Entities under Common Control was reclassified to &#8220;Additional Paid-in Capital&#8221; in the consolidated statement of financial position.</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>e.&nbsp;&nbsp; Cash and cash equivalents</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Cash and cash equivalents comprises cash on hand and in banks and all unrestricted time deposits with an original maturity of three months or less at the time of placement. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Time deposits with maturities of more than three months but not more than one year are presented as other current financial assets</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> in the consolidated statement of financial position</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>f.&nbsp;&nbsp;&nbsp; Investments in associated companies</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Investments in companies where the Group have 20% to 50% of the voting rights, and through which the Group exert significant influence, but not control, over the financial and operating policies are accounted for using the equity method. Under this method, the Group recognizes their proportionate share in the income or loss of the associated companies from the date that significant influence commences until the date that significant influence ceases.</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=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

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<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp;&nbsp; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>f.&nbsp;&nbsp;&nbsp; Investments in associated companies (continued)</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Investments in associated companies are initially recorded at cost. On acquisition of the investment, any difference between the acqusition cost of the investment and the Group&#8217;s share of the net fair value of the associate&#8217;s identifiable assets and liabilities is accounted for as follows:</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>a.</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Goodwill relating to an associate is included in the carrying amount of investment. Amortization of that goodwill is prohibited.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>b.</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Any excess of the Group's share of the net fair value of the associate's identifiable assets and liabilities over the cost of investment is included as income in the determination of the Group's share of the associate's profit or loss in the period in which the investment is acquired. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>When the Group'</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> share of loss exceeds the carrying amount of the investments in associated companies, the carrying amount is reduced to nil and recognition of further losses is discontinued except to the extent that the Group have incurred legal or constructive obligations or made payments on behalf of the associated companies.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Investment in a joint venture is accounted for using the equity method whereby the participation in a joint venture is initially recorded at cost and subsequently adjusted for changes that occur after the acquisition in the share of the venturer of the joint venture's net assets.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>The Group determine at each reporting date whether there is any objective evidence that the investments in the associated companies are impaired. If there is, the Group calculates and recognizes the amount of impairment as the difference between the recoverable amount of the investments in associated companies and their carrying value.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>These assets are included in long-term investment in the consolidated statement of financial position.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The functional currency of PT Pasifik Satelit Nusantara (&#8220;PSN&#8221;) and PT Citra Sari Makmur (&#8220;CSM&#8221;) is the United States&nbsp;dollar (&#8220;U.S. dollars&#8221;) and the functional currency </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Telin Malaysia is the Malaysian ringgit (&#8220;MYR&#8221;). For the purpose of reporting these investments using the equity method, the assets and liabilities of these companies as of the statement of financial position date are translated into Indonesian rupiah using the rate of exchange prevailing at that date, while revenues and expenses are translated into Indonesian rupiah at the average rates of exchange for the year. The resulting translation adjustments are reported as part of translation adjustment in the equity section of the consolidated statement of financial position.</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>g.&nbsp;&nbsp; Trade and other receivables</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Trade and other receivables are recognized initially at fair value and subsequently measured at amortized cost, less provision for impairment. This provision for impairment is made based on management&#8217;s evaluation of the collectibility of the outstanding amounts. Receivables are written off in the year they are determined to be uncollectible.&nbsp; </FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>h.&nbsp;&nbsp; Inventories</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Inventories consist of components, which are subsequently expensed or transferred to property and equipment upon use. Components represent telephone terminals, cables, and other spare parts. Inventories also include Subscriber Identification Module (&#8220;SIM&#8221;) cards, Removable User Identity Module (&#8220;RUIM&#8221;) cards, handsets, set top boxes, wireless broadband modems, and blank prepaid vouchers, which are expensed upon sale. </FONT></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><I><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014 </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; 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: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp;&nbsp; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>h.&nbsp;&nbsp; Inventories (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The costs of inventories comprise of the purchase price, import duties, other taxes, transport, handling, and other costs directly attributable to their acquisition. Inventories are recognized at the lower of cost and net realizable value. Net realizable value is the estimate of selling price less the costs to sell.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Cost is determined using the weighted average method for components, SIM cards, RUIM cards, handsets, set top box, wireless broadband modem, and blank prepaid voucher.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The amounts of any write-down of inventories below cost to net realizable value and all losses of inventories are recognized as expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of inventories, arising from an increase in net realizable value, is recognized as a reduction in the amount of general and administrative expenses in the year in which the reversal occurs.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Provision for obsolescence is primarily based on the estimated forecast of future usage of these items.&nbsp; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>i.&nbsp;&nbsp;&nbsp; Prepaid expenses</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Prepaid expenses are amortized over their future beneficial periods using the straight-line method.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>j.&nbsp;&nbsp;&nbsp; Assets held for sale</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Assets (or disposal groups) are classified as held for sale when their carrying amount is to be recovered principally through a sale transaction rather than through continuing use and a sale is considered highly probable. They are stated at the lower of carrying amount and fair value less costs to sell. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Assets that meet the criteria to be classified as held for sale are reclassified from property and equipment and depreciation on such assets is ceased</FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp;</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>k.&nbsp;&nbsp; Intangible assets</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Intangible assets consist of goodwill arising from business acquisitions, software and license. Intangible assets are recognized if it is probable that the expected future economic benefits that are attributable to each asset will flow to the Group, and the cost of the asset can be reliably measured. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Intangible assets are stated at cost less accumulated amortization and impairment. Intangible assets are amortized over their useful lives. The Group estimates the recoverable value of its intangible assets. When the carrying amount of an asset exceeds its estimated recoverable amount, the asset is written down to its estimated recoverable amount.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Intangible assets are amortized using the straight-line method, based on the estimated useful lives of the assets as follows:</FONT></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=arial,sans-serif>Years</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Software</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>3-6</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>License</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>3-20</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Other intangible assets</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1-30</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Intangible assets are derecognized when no further economic benefits are expected, either from further use or from disposal. The difference between the carrying amount and the net proceeds received from disposal is recognized in the consolidated statement of comprehensive income. </FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>25</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><I><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; 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: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp;&nbsp; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>l.&nbsp;&nbsp;&nbsp; Property and equipment</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Property and equipment directly acquired are stated at cost less accumulated depreciation and impairment losses.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The cost of an item of property and equipment includes: (a) purchase price, (b) any costs directly attributable to bringing the asset to its location and condition, and (c) the initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located. Each part of an item of property and equipment with a cost that is significant in relation to the total cost of the item is depreciated separately. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Property and equipment, except landrights, are depreciated using the straight-line method based on the estimated useful lives of the assets as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Years</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Buildings</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>15-40</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2-15</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Switching equipment</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>3-15</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="89%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Telegraph, telex and data communication equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>5-15</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="89%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Transmission installation and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>3-25</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="89%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Satellite, earth station and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>3-20</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="89%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Cable network</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>5-25</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="89%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Power supply</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>3-20</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Data processing equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>3-20</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="89%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Other telecommunications peripherals</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>5</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="89%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Office equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2-5</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="89%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Vehicles</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>4-8</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="89%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Asset Customer Premise Equipment (&#8220;CPE&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>10</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="89%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Other equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2-5</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Significant expenditures related to leasehold improvements are capitalized and amortized over the lease term. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The depreciation method, useful life and residual value of an asset are reviewed at least at each financial year-end and adjusted, if appropriate. </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>The residual value of an asset is the estimate</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>d&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> amount that t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he Group</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> would currently obtain from disposal of the asset, after deducting the estimated costs of disposal, if the asset is already of the age and in the condition expected at the end of its useful life. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group periodically evaluate </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>its&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> property and equipment for impairment, whenever events and circumstances indicate that the carrying amount of the assets may not be recoverable. When the carrying amount of an asset exceeds its estimated recoverable amount, the asset is written down to its estimated recoverable amount, which is determined based on the higher of its fair value less cost to sell or value-in-use. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Property and equipment acquired in exchange for a non-monetary asset or for a combination of monetary and non-monetary assets are measured at fair value unless (i) the exchange transaction lacks commercial substance; or (ii) the fair value of neither the asset received nor the asset given up is reliably measurable.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Major spare parts and standby equipment that are expected to be used for more than 12&nbsp;months are recorded as part of property and equipment. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>When assets are retired or otherwise disposed of, their cost and the related accumulated depreciation are derecognized from the consolidated statement of financial position and the resulting gains or losses on the disposal or sale of the property and equipment are recognized in the consolidated statement of comprehensive income.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>26</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><I><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; 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: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp;&nbsp; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>l.&nbsp;&nbsp;&nbsp; Property and equipment</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Certain computer hardware can not be used without the availability of certain computer software. In such circumstance, the computer software is recorded as part of the computer hardware. If the computer software is independent from its computer hardware, it is recorded as part of intangible assets.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The cost of maintenance and repairs is charged to the consolidated statement of comprehensive income as incurred. Significant renewals and betterments are capitalized.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Property under construction is stated at cost until construction is completed, at which time it is reclassified to the property and equipment account to which it relates. During the construction period until the property is ready for its intended use or sale, borrowing costs, which include interest expense and foreign currency exchange differences incurred on loans obtained to finance the construction of the asset, as long as it meets the definition of a qualifying asset are, capitalized in proportion to the average amount of accumulated expenditures during the period. Capitalization of borrowing cost ceases when the construction is completed and the asset is ready for its intended use.</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>m.&nbsp; Leases </FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>In determining whether an arrangement is, or contains a lease, the Group performs an evaluation over the substance of the arrangement. A lease is classified as a finance lease or operating lease based on the substance, not the form</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> of the contract. Finance lease is recognized if the lease transfers substantially all the risks and rewards incidental to the ownership of the leased asset.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Assets and liabilities under a finance lease are recognized in the consolidated statement of financial position at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Any initial direct costs of the Group </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>is&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> added to the amount recognized as assets.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding liability. The finance charge is allocated to each period during the lease term so as to produce a constant periodic rate of interest on the remaining balance of the liability. Contingent rents are charged as expenses in the year in which they are incurred.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Leased assets are depreciated using the same method and based on the useful lives as estimated for directly acquired property and equipment. However, if there is no reasonable certainty that </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he Group will obtain ownership by the end of the lease term, the leased assets are fully depreciated over the shorter of the lease term and their economic useful lives.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=arial,sans-serif>Lease arrangements that do not meet the above criteria are accounted for as operating leases for which payments are charged as an expense on the straight-line basis over the lease period.</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>n.&nbsp;&nbsp; Deferred charges - land rights</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 45pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>C</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>osts incurred to process the initial legal land rights are recognized as part of the property and equipment and are not amortized</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Costs incurred to process the extension or renewal of legal land rights are deferred and amortized over the shorter of the</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> legal </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>term of the land rights or the economic life of the land.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>27</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><I><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp;&nbsp; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>o.&nbsp;&nbsp; Trade payables</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if payment is due within one year or less (or in the normal operating cycle of the business, if this period is longer). If not, they are presented as non-current liabilities.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 4pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Trade payables are recognized initially at fair value and subsequently measured at amortized cost using the effective interest rate method.</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>p.&nbsp;&nbsp; Borrowings</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Borrowings are recognized initially at fair value, net of transaction costs incurred. Borrowings are subsequently carried at amortized cost; any difference between the proceeds (net of transaction costs) and the redemption value is recognized in the consolidated statement of comprehensive income over the period of the borrowings using the effective interest method.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Fees paid on obtaining loan facilities are recognized as transaction costs of the loan to the extent that it is probable that some or all of the facilities will be draw</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>n down</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. In this case, the fee is deferred until the drawdown occurs. To the extent there is no evidence that it is probable that some or all of the facilities will be drawn down, the fee is capitalized as a pre-payment for liquidity services and amortized over the period of the facilities to which it relates.</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>q.&nbsp;&nbsp; Foreign currency translations</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The functional currency and the recording currency of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he Group are both the Indonesian rupiah, except for the functional currency of Telekomunikasi Indonesia International Pte. Ltd., Hong Kong, Telekomunikasi Indonesia International Pte., Singapore, and Telekomunikasi Indonesia International S.A., Timor Leste whose accounting records </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>are </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>maintained in U.S. dollars. Transactions in foreign currencies are translated into Indonesian rupiah at the rates of exchange prevailing at transaction date. At the consolidated statement of financial position date, monetary assets and liabilities denominated in foreign currencies are translated into Indonesian rupiah based on the buy and sell rates quoted by Reuters prevailing at the consolidated statement of financial position date, as follows:</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Buy</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Sell</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Buy</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Sell</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>U.S</FONT><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>.&nbsp;</FONT><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif> dollar (&#8220;US$&#8221;) 1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>12,380</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>12,390</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>12,160</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>12,180</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Euro 1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>15,044</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>15,059</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>16,744</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>16,774</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Yen 1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>103.53</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>103.64</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>115.67</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>115.87</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The resulting foreign exchange gains or losses, realized and unrealized, are credited or charged to the consolidated statement of comprehensive income of the current year, except for foreign exchange differences incurred on borrowings during the construction of qualifying assets which are capitalized to the extent that the borrowings can be attributed to the construction of those qualifying assets (Note 2l).</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>28</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><I><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp;&nbsp; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>r.&nbsp;&nbsp;&nbsp; Revenue and expense recognition</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>i.&nbsp;&nbsp;&nbsp; Fixed line telephone revenues</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 49.5pt"><I><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>R</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>evenue</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>s from fixed line installations are deferred and recognized as revenue </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>on the straight-line basis</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> over the expected term of the customer relationships. Based on reviews of historical information and customer trends, the Company determined the expected term of the customer relationships in 2014 and 2013 to be 18 years. Revenues from usage charges are recognized as customers incur the charges. Monthly subscription charges are recognized as revenues when incurred by subscribers. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ii.&nbsp;&nbsp;&nbsp; Cellular and fixed wireless telephone revenues </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Revenues from postpaid service, which consist of usage and monthly charges, are recognized as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Airtime and charges for value added services are recognized based on usage by subscribers.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Monthly subscription charges are recognized as revenues when incurred by subscribers.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Revenues from prepaid service, which consist of the sale of starter packs (also&nbsp;known as SIM cards in the case of cellular </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>or&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> RUIM </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>cards </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>in the case of fixed wireless telephone and start-up load vouchers) and pulse reload vouchers, are recognized initially as unearned income and recognized proportionately as revenue based on duration and total of successful calls made and the value added services used by the subscribers or the expiration of the unused stored value of the voucher.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>iii.&nbsp;&nbsp; Interconnection revenues </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>R</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>evenues from network interconnection with other domestic and international telecommunications carriers are recognized monthly on the basis of the actual recorded traffic for the month. Interconnection revenues consist of revenues derived from other operators&#8217; subscriber calls to </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he Group&#8217;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>subscribers (incoming) and calls between subscribers of other operators through </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he Group&#8217;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> network (transit). </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>iv.&nbsp;&nbsp; Data, internet and information technology service revenues </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Revenues from data communication and internet are recognized based on service activity and performance which are measured by the duration of internet usage or based on the fixed amount of charges depending on the arrangements with customers.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Revenues from sales, installation and implementation of computer software and hardware, computer data network installation service and installation are recognized when the goods are delivered to customers or the installation takes place.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Revenue from computer software development service is recognized using the percentage-of-completion method.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>v.&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Network revenues</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Revenues from network consist of revenues from leased lines and satellite transponder leases which are recognized over the period in which the services are rendered.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>29</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face=Arial,sans-serif>Table of Contents</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp;&nbsp; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>r.&nbsp;&nbsp;&nbsp; Revenue and expense recognition</FONT></B><B><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>vi.&nbsp;&nbsp; Other telecommunications service revenues</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Revenues from other telecommunications services consist of Revenue-Sharing Arrangements (&#8220;RSA&#8221;) and sales of other telecommunication services or goods. </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The RSA are recorded in a manner similar to capital leases where the property and equipment and obligation under RSA are reflected in the consolidated statement</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> of financial position. All revenues generated from the RSA are recorded as a component of revenues, while a portion of the investors&#8217; share of the revenues from the RSA is recorded as finance costs, with the balance treated as a reduction of the obligation under RSA.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Universal Service Obligation (&#8220;USO&#8221;) compensation from construction activities to design, build and finance assets for the grantor is recognized on </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>a </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>stage</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>of</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>completion basis. Revenues from operating and maintenance activities in respect of assets under the concession are recognized when the services are rendered.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>In concession contract</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> under USO, </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he Group ha</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s unconditional </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>contractual rights to receive considerations from the grantor. The Group recognize</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> a financial asset in its consolidated statement</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> of financial position, in consideration for the services they provide (designing, building, operation or maintenance of assets under concession). Such financial assets are recognized in the consolidated statement</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> of financial position as t</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>rade&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> receivable</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, for the amount of fair value of the infrastructure on initial recognition and subsequently at amortized cost. The receivable is settled by means of the grantor&#8217;s payments received. The financial income calculated on the basis of the effective interest rate </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>and&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> recognized as finance income.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Revenues from sales of other telecommunication services or goods are recognized upon completion of services and/or delivery of goods to customers. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>vii.&nbsp; Multiple-element arrangements</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Where two or more revenue-generating activities or deliverables are sold under a single arrangement, each deliverable that is considered to be a separate unit of accounting is accounted for separately. The total revenue is allocated to each separately identifiable component based on the relative fair value of each component and the appropriate revenue recognition criteria are applied to each component as described above.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>viii. Agency relationship</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Revenues from an agency relationship are recorded based on the gross amount billed to the customers when </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he Group act</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> as principal in the sale of goods and services. Revenues are recorded based on the net amount retained (the amount paid by the customer less amount paid to the suppliers) </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>when,&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> in substance, </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he Group </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>has </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>act</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ed&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> as agents and earned commission from the suppliers of the goods and services sold.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -5.4pt; MARGIN: 0in 0in 0pt 41.4pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ix.&nbsp;&nbsp; Customer loyalty programme</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -5.4pt; MARGIN: 0in 0in 0pt 41.4pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>The Group operates a loyalty programme, which allows customers to accumulate points for every certain multiple of the usage of telecommunication services. The points can then be rede</FONT><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>e</FONT><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>med in the future for free or discounted products, provided other qualifying conditions are achieved.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 41.4pt"><FONT style="LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 5pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>30</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=X-NONE style="font-size:8.0pt;">These consolidated financial
statements are originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">2.&#160;&#160; SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">r.&#160;&#160;&#160; Revenue and expense recognition (continued)</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:41.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-5.4pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;text-autospace:ideograph-numeric;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:41.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-5.4pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;text-autospace:ideograph-numeric;">ix.&#160;&#160; Customer loyalty programme</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;text-autospace:ideograph-numeric;"> (continued)</font></p>

<p style="margin-bottom:.0001pt;margin-left:41.4pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;text-autospace:ideograph-numeric;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;text-autospace:ideograph-numeric;">Consideration
received is allocated between the telecommunication services and the points
issued, with the consideration allocated to the points equal to their fair
value. Fair value of the points is determined based on historical information
about redemption rate of award points</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;text-autospace:ideograph-numeric;">.&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;text-autospace:ideograph-numeric;"> Fair value of the points issued is deferred
and recognized as revenue when the points are redeemed or expired.</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;text-autospace:ideograph-numeric;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:41.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-5.4pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;text-autospace:ideograph-numeric;">x.&#160;&#160; Expenses</font></p>

<p style="margin-bottom:.0001pt;margin-left:41.4pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-5.4pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;text-autospace:ideograph-numeric;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;text-autospace:ideograph-numeric;">Expenses
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;text-autospace:ideograph-numeric;">are
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;text-autospace:ideograph-numeric;">recognized
as </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;text-autospace:ideograph-numeric;">they
are </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;text-autospace:ideograph-numeric;">incurred,
using accruals methods.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;text-autospace:ideograph-numeric;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:left;text-indent:-9.0pt;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">s.&#160;&#160; Employee
benefits</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><i><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">i.&#160;&#160;&#160; Short-term
employee benefits</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">All
short-term employee benefits which consist of salaries and related benefits,
vacation pay, incentives and other short-term benefits are recognized as
expense on undiscounted basis when employees have rendered service to the Group.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ii.&#160;&#160;&#160; Pension
and post-retirement health care benefit plans</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
net obligations in respect of the defined pension benefit and post-retirement
health care benefit plans are calculated at the present value of estimated
future benefits that the employees have earned in return for their service in
the current and prior periods, less the fair value of plan assets and as
adjusted for unrecognized actuarial gains or losses and unrecognized past
service cost. The calculation is performed by an independent actuary using the
projected unit credit method. The present value of the defined benefit
obligation is determined by discounting the estimated future cash outflows
using interest rates of government bonds that are denominated in the currencies
in which the benefits will be paid and that have terms to maturity
approximating the terms of the related retirement benefit obligation.
Government bonds are used as there is no deep market for high quality corporate
bonds.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Plan
assets are assets that are held by the pension and post-retirement health care
benefit plans. These assets are measured at fair value at the end of the
reporting period, which is based on the securities&#8217; quoted market price
information. The amount of prepaid pension costs that can be recognized is
limited to the total of any unrecognized past service costs, unrecognized
actuarial losses and the present value of economic benefits available in the
form of refunds from the plan or reductions in future contributions to the plan.
</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Actuarial
gains or losses arising from experience adjustments and changes in actuarial
assumptions, when exceeding the greater
of 10% of the present
value of defined benefit obligation or 10% of the fair value of plan assets,
are charged or credited to the consolidated statements of comprehensive income
over the average remaining service lives of the relevant employees. Prior
service cost is recognized immediately if vested or amortized over the vesting
period.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">For
defined contribution plans, the regular contributions constitute net periodic
costs for the period in which they are due and as such are included in staff
costs when they become payable. </font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><i><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:5.0pt;">&nbsp;</font></i></p>





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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">31</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font></p>





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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><i><font color=windowtext face="arial italic" lang=X-NONE style="font-size:8.0pt;">These consolidated financial
statements are originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext 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;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">2.&#160;&#160; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</font></b></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:left;text-indent:-9.0pt;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:left;text-indent:-9.0pt;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">s.&#160;&#160; Employee
benefits (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">i</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ii.&#160;&#160; Long
Service Awards (&#8220;LSA&#8221;) and Long Service Leave (&#8220;LSL&#8221;)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Employees
of Telkomsel </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">and
Patrakom </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">are entitled to
receive certain cash awards or certain numbers of days leave benefits based on
length of service requirements. LSA are either paid at the time the employees
reach certain anniversary dates during employment, or at the time of
termination. LSL is either a certain number of days leave benefit or cash,
subject to approval by management, provided to employees who have met the
requisite number of years of service and with a certain minimum age.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
obligation with respect to LSA and LSL is calculated by an independent actuary
using the projected unit credit method.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">i</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">v.&#160;&#160; Pre-retirement
benefits</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Employees
of the Company are entitled to a benefit during a pre-retirement period in
which they are inactive for 6 months prior to their normal retirement age of 56
years. During the pre-retirement period, the employees still receive benefits
provided to active employees, which include, but are not limited to regular
salary, health care, annual leave, bonus and other benefits. Benefits provided
to employees who enter pre-retirement period are calculated by an independent
actuary using the projected unit credit method.</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:left;text-indent:-9.0pt;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">v.&#160;&#160; Other
post-retirement benefits</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Employees
are entitled to home leave passage benefits and final housing facility benefits
to their retirement age of 56 years. Those benefits are calculated by an
independent actuary using the projected unit credit method.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">v</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">i.&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160; Share-based payments </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><i><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Company operates an
equity-settled, share-based compensation plan. The fair value of the employees&#8217;
services rendered which compensated with the Company&#8217;s shares
is recognized as an expense in the consolidated statement of comprehensive
income and credited to additional paid-in capital at the grant date.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Gains or losses on curtailment are
recognized when there is a commitment to make a material reduction in the
number of employees covered by a plan or when there is an amendment of defined
benefit plan terms such that a material element of future services to be
provided by current employees will no longer qualify for benefits, or will
qualify only for reduced benefits.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Gains or losses on settlement are
recognized when there is a transaction that eliminates all further legal or
constructive obligations for part or all of the benefits provided under a
defined benefit plan. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">t.&#160;&#160;&#160; Income tax</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Current and deferred </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">income </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">tax</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">es are </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">recognized as income or an expense and
included in</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> the</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> consolidated statement of
comprehensive income, except to the extent that the tax arises from a
transaction or event which is recognized directly in equity, </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">in which case, </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the tax </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">is&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
recognized directly </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">in&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> equity</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">32</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font></p>





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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><I><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp;&nbsp; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>t.&nbsp;&nbsp;&nbsp; Income tax (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Current tax assets and liabilities are measured at the amounts expected to be recovered or paid using the tax rates and tax laws that have been enacted at each reporting date. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. Where appropriate, management establishes provisions based on the amounts expected to be paid to the tax authorities.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group recognizes deferred tax assets and liabilities for temporary differences between the financial and tax bases of assets and liabilities at each reporting date. The Group also recognizes deferred tax assets resulting from the recognition of future tax benefits, such as the benefit of tax losses carried forward to the extent their future realization is probable. Deferred tax assets and liabilities are measured using enacted or substantively enacted tax rates and tax laws at each reporting date which are expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled, such as tax rates and tax laws which have been enacted or substantially enacted at each reporting date.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The carrying amount of deferred tax asset is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow the benefit of part or all of that deferred tax asset to be utilized.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><I><FONT style="FONT-SIZE: 1pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Deferred tax assets and liabilities are offset in the consolidated statement of financial position, except if these are for different legal entities, in the same manner the current tax assets and liabilities are presented.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Amendment to tax obligation is recorded when an </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>assessment letter (&#8220;</FONT><I><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Surat Ketetapan Pajak</FONT></I><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>&#8221; or &#8220;SKP&#8221;)</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> is received or if appealed against, when the results of the appeal are determined. </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>The additional tax</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>es&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> and penalty imposed through </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>an SKP are </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>recogni</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>z</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ed as income or expense in the current </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>year profit or loss</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, unless </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>objection/appeal </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>is </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>taken</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>. The </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>additional </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>tax</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>es&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> and penalty imposed through </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>SKP are deferred as long as </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>they </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>meet the asset recognition criteria. </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>u.&nbsp;&nbsp; Financial instruments </FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group classifies financial instruments into financial assets and financial liabilities. Financial assets and liabilities are recognized initially at fair value including transaction costs. These are subsequently measured either at fair value or amortized cost using the effective interest rate method in accordance with their classification.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=arial,sans-serif>i.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Financial assets </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group classifies their financial assets as (i) financial assets at fair value through profit or loss, (ii) loans and receivables, (iii) held-to-maturity financial assets or (iv) available-for-sale financial assets. The classification depends on the purpose for which the financial assets are acquired. Management determines the classification of financial assets at initial recognition.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Purchases or sales of financial assets that require delivery of assets within a time frame established by regulation or convention in the market place (regular way trades) are recognized on the trade date, i.e., the date that the Group commit to purchase or sell the assets.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group&#8217;s financial assets include cash and cash equivalents, other current financial assets, trade receivables and other receivables, long-term investments, advances and other non-current financial assets.</FONT></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><I><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

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<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>2.&nbsp;&nbsp; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>u.&nbsp;&nbsp; Financial instruments (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=arial,sans-serif>i.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Financial assets (continued)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Financial assets at fair value through profit or loss</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Financial assets at fair value through profit or loss are financial assets classified as held for trading. A financial asset is classified as held for trading if it is acquired principally for the purpose of selling or repurchasing it in the near term and for which there is evidence of a recent actual pattern of short-term profit taking. Gains or losses arising from changes in fair value of the trading securities are presented as other (expenses)/income in consolidated statement of comprehensive income in the period in which they arise. Financial asset measured at fair value through profit loss consists of derivative asset-put option which is recognized as part of other current financial assets.</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>b.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Loans and receivables</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Loans and receivables consist of, among other things, cash and cash equivalents, trade receivables, other receivables, other current financial assets and other non-current financial assets.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>These are initially recognized at fair value including transaction costs and subsequently measured at amortized cost, using the effective interest method.</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>c.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Held-to-maturity financial assets</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Held-to-maturity investments are non-derivative financial assets with fixed or determinable payments and fixed maturities that management has the positive intention and ability to hold to maturity, other than:</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>those that the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Group&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> upon initial recognition designates as assets at fair value through profit or loss;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>b)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>those that the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Group&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> designates as available for sale; and</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>c)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>those that meet the definition of loans and receivables.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>No financial assets were classified as held-to-maturity financial assets as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014 and 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>d.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Available-for-sale financial assets</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Available-for-sale investments are non-derivative financial assets that are intended to be held for indefinite period of time, which may be sold in response to needs for liquidity or changes in interest rates, exchange rates or that are not classified as loans and receivables, held-to-maturity investments or financial assets at fair value through profit or loss. Available-for-sale financial assets consist of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>available-for-sale securities</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> which are recorded as other current financial asset</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> in the consolidated statements of financial position.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Available-for-sale securities are stated at fair value. Unrealized holding gains or losses on available-for-sale securities are excluded from income of the current period and are reported as a separate component in the equity section of the consolidated statements of financial position until realized. Realized gains or losses from the sale of available-for-sale securities are recognized in the consolidated statements of comprehensive income, and are determined on the specific identification basis. A decline in the fair value of any available-for-sale securities below cost that is deemed to be other than temporary is charged to the consolidated statement of comprehensive income. </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=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>2.&nbsp;&nbsp; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>u.&nbsp;&nbsp; Financial instruments (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 2pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ii.&nbsp;&nbsp;&nbsp; Financial liabilities </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group classifies their financial liabilities as (i) financial liabilities at fair value through profit or loss or (ii) financial liabilities measured at amortized cost.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group&#8217;s financial liabilities include trade payables and other payables, accrued expenses, loans and other borrowings which consist of short-term bank loans, obligations under capital lease, two step loans, bonds and notes, and bank loans.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Financial liabilities at fair value through profit or loss</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Financial liabilities at fair value through profit or loss are financial liabilities classified as held for trading. A financial liability is classified as held for trading if it is incurred principally for the purpose of selling or repurchasing them in the near term and for which there is evidence of a recent actual pattern of short-term profit taking. </FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>No financial liabilities were categorized as held for trading as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014 and 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>b.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Financial liabilities measured at amortized cost</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Financial liabilities that are not classified as liabilities at fair value through profit or loss fall into this category and are measured at amortized cost. Financial liabilities measured at amortized cost are trade </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>and&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> other payables, accrued expenses, loans, bonds and notes.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;&nbsp;</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>iii.&nbsp;&nbsp; Offsetting financial instruments</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Financial assets and liabilities are offset and the net amount is reported in the consolidated statement of financial position when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis, or realize the assets and settle the liabilities simultaneously.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>iv.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Fair value of financial instruments</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.55pt; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Fair value is the amount for which an asset could be exchanged, or liability settled, in an arms&#8217; length transaction.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The fair value of financial instruments that are traded in active markets at each reporting date is determined by reference to quoted market prices, without any deduction for transaction costs.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>For financial instruments not traded in an active market, the fair value is determined using appropriate valuation techniques. Such techniques may include using recent arm&#8217;s length market transactions, reference to the current fair value of another instrument that is substantially the same,a discounted cash flow analysis or other valuation models.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>An analysis of fair values of financial instruments and further details as to how they are measured are provided in Note 44.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>35</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp;&nbsp; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>u.&nbsp;&nbsp; Financial instruments (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>v.&nbsp;&nbsp; Impairment of financial assets</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group assesses the impairment of financial assets if there is objective evidence that a loss event has a negative impact on the estimated future cash flows of the financial asset. Impairment is recognized when the loss event can be reliably estimated. Losses expected as a result of future events, no matter how likely, are not recognized. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Impairment loss on financial assets carried at </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>amortized </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>cost is measured as the difference between the asset&#8217;s carrying amount and the present value of estimated future cash flows discounted at the financial asset&#8217;s original effective interest rate. Cash flows relating to short-term receivables are not discounted if the effect of discounting is immaterial. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>When a decline in the fair value of an available-for-sale financial asset has been recognized in other comprehensive income and there is objective evidence that the asset is impaired, the cumulative loss that had been recognized in other comprehensive income is recognized in profit or loss as an impairment loss. The amount of the cumulative loss is the difference between the acquisition cost (net of any principal repayment and amortization) and current fair value, less any impairment loss on that financial asset previously recognized.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>vi.&nbsp;&nbsp; Derecognition of financial instrument</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group derecognize</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> a financial asset when the contractual rights to the cash flows from the financial asset expire, or when </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he Group transfer</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> substantially all the risks and rewards of ownership of the financial asset. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group derecognize</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> a financial liability when the obligation specified in the contract is discharged or cancelled or expired.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>v.&nbsp;&nbsp; Treasury stock</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Reacquired Company shares of stock are accounted for at their reacquisition cost and classified as &#8220;Treasury Stock&#8221; and presented as a deduction to equity. The cost of treasury stock sold/transferred is accounted for using the weighted average method. The portion of treasury stock transferred for employees ownership program is accounted for at its fair value</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> at grand date</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. The difference between the cost and the proceeds from the sale/transfer value of treasury stock is credited to &#8220;Additional Paid-in Capital&#8221;.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>w.&nbsp;&nbsp; Dividends</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Dividend </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>for </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>distribution to the stockholders is recognized as a liability in the consolidated financial statements in the year in which the dividend is approved by the stockholders. The interim dividend as a liability based on the Board of Directors&#8217; decision </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>supported by the</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> approval from the Board of Commissioners.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>x.&nbsp;&nbsp; Basic earnings per share and earnings per ADS</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Basic earnings pershare is computed by dividing profit for the year attributable to owners of the parent company by the weighted average number of shares outstanding during the year. Income per ADS is computed by multiplying basic earnings per share by 200, the number of shares represented by each ADS.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company does not have potentially dilutive financial investments.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>36</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp;&nbsp; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>y.&nbsp;&nbsp; Segment information</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group's segment information is presented based upon identified operating segments. An operating segment is a component of an entity: a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same entity); b) whose operating results are regularly reviewed by the Group'</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> chief operating decision maker i.e., </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Directors, to make decisions about resources to be allocated to the segment and assess its performance, and c) for which discrete financial information is available.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>z.&nbsp;&nbsp; Provision</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Provision is recognized when the Group have a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the obligation.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>aa.&nbsp; Impairment of non-financial assets</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=arial,sans-serif>The Group assesses, at the end of each reporting period, whether there is an indication that an asset may be impaired. If such indication exists, the recoverable amount is estimated for the individual asset. If it is not possible to estimate the recoverable amount of the individual asset, the Group determines the recoverable amount of the Cash-Generating Unit (&#8220;CGU&#8221;) to which the asset belongs (&#8220;the asset&#8217;s CGU&#8221;).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The recoverable amount of an asset (either individual asset or CGU) is the higher of the asset&#8217;s fair value less costs to sell and its value in use. Where the carrying amount of the asset exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. In assessing the value in use, the estimated net future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>In determining fair value less costs to sell, recent market transactions are taken into account, if available. If no such transactions can be identified, the Group uses an appropriate valuation model to determine the fair value of the asset. These calculations are corroborated by valuation multiples or other available fair value indicators.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Impairment losses of continuing operations are recognized </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>in&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> profit or loss under &#8220;Depreciation and amortization&#8221; in the consolidated statement of comprehensive income.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>An assessment is made at the end of each reporting period as to whether there is any indication that previously recognized impairment losses for an asset</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>,&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> other than goodwill</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>,&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> may no longer exist or may have decreased. If such indication exists, the recoverable amount is estimated. A previously recognized impairment loss for an asset</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>,&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> other than goodwill</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>,&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> is reversed only if there has been a change in the assumptions used to determine the asset&#8217;s recoverable amount since the last impairment loss was recognized. The reversal is limited such that the carrying amount of the asset does not exceed its recoverable amount, nor exceeds the carrying amount that would have been determined, net of depreciation, had no impairment been recognized for the asset in prior periods. Reversal of an impairment loss is recognized in profit or loss. </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Goodwill is tested for impairment annually and when circumstances indicate that the carrying value may be impaired. Impairment is determined for goodwill by assessing the recoverable amount of each CGU (or group of CGUs) to which the goodwill relates. When the recoverable amount of the CGU is less than its carrying amount, an impairment loss is recognized. Impairment loss relating to goodwill cannot be reversed in future periods.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>37</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp;&nbsp; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ab. Critical accounting estimates and judgements</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group make estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>i.&nbsp;&nbsp;&nbsp; Retirement benefits</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The present value of the retirement benefit obligations depends on a number of factors that are determined on an actuarial basis using a number of assumptions. The assumptions used in determining the net cost (income) for pensions include the discount rate. Any changes in these assumptions will impact the carrying amount of retirement benefit obligations.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group determines the appropriate discount rate at the end of each reporting period. This is the interest rate that should be used to determine the present value of estimated future cash outflows expected to be required to settle the obligations. In determining the appropriate discount rate, the Group considers the interest rates of government bonds that are denominated in the currency in which the benefits will be paid and that have terms to maturity approximating the terms of the related retirement benefit obligations.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>If there is an improvement in the ratings of such government bonds or a decrease in interest rates as a result of improving economic conditions, there could be a material impact on the discount rate used in determining the post-employment benefits obligations. Other key assumptions for retirement benefit obligations are based in part on current market conditions. Additional information is disclosed in Notes 34, 35 and 36.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ii.&nbsp;&nbsp; Useful lives of property and equipment </FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group estimate the useful lives of their property and equipment and intangible assets based on expected asset utilization, considering strategic business plans, expected future technological developments and market behavior. The estimates of useful lives of property and equipment are based on the Group&#8217;s collective assessment of industry practice, internal technical evaluation and experience with similar assets. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group review estimates of useful lives at least each financial year end and are updated if expectations differ from previous estimates due to physical wear and tear, technical or commercial obsolescence and legal or other limitations on the use of the assets. The amounts and timing of recorded expenses for any year will be affected by changes in these factors and circumstances. A change in the estimated useful lives of the property and equipment is a change in accounting estimates and is applied prospectively in profit or loss in the period of the change and future periods.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Details of the nature and carrying amount of property and equipment are disclosed in Note 11.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="LINE-HEIGHT: 97%; FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>iii.&nbsp; Provision for impairment of receivables</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group assess</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>es&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> whether there is objective evidence that trade receivables have been impaired at the end of each reporting period. Provision for impairment of receivables is calculated based on a review of the current status of existing receivables and historical collection experience. Such provisions</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> are </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>adjusted periodically to reflect the actual and anticipated experience. Details of the nature and carrying amount of provision for impairment of receivables are disclosed in Note 6.</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=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp;&nbsp; SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ab. Critical </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>a</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ccounting </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>e</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>stimates and </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>j</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>udgments (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>iv.&nbsp; Income taxes</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Significant judgement is required in determining the provision for income taxes. There are many transactions and calculations for which the ultimate tax determination is uncertain. The Group recognizes liabilities for anticipated tax audit issues based on estimates of whether additional taxes will be due. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will impact the current and deferred income tax assets and liabilities in the year in which such determination is made. Details of the nature and carrying amount of income tax are disclosed in Note 31.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>v.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Impairment of non-financial assets</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><B><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group annually assess</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>es&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> whether goodwill is impaired. Other non-financial assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset exceeds its recoverable amount. The recoverable amount of an asset or a cash-generating unit is determined based on the higher of its fair value less costs to sell and its value in use, calculated on the basis of management&#8217;s assumptions and estimations. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>The Group determines the estimated recoverable amount based on the future cash flows projections from the continuing use of the asset and the net cash flows to be received for the disposal of an asset at the end of its useful life. Those projections are estimated for the asset in its current condition and not included future cash flows that are expected to arise from a future restructuring to which the Group is not yet committed and improving or enhancing the asset&#8217;s performance.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>The </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>assessment&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> of recoverable amount is sensitive to the management&#8217;s judgments in establishing forecasts of future cash flows. These judgments are applied based on our understandin</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>g&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> of historical and current information, and expectations of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Group&#8217;s future plan and performance. Further details are presented in Note 11.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>3.&nbsp;&nbsp; BUSINESS COMBINATIONS</FONT></B></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -17.5pt; MARGIN: 0in 0in 0pt 36.4pt"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>a.</FONT></B><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Acquisition</FONT></B><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>s&nbsp;</FONT></B></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Acquisition of PT German Center Indonesia</FONT></U></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>On January 17, 2013, Sigma signed </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a sales and purchase of shares </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>agreement and transfer of debt with Landeskreditbank Baden-Wurttemberg-Forderbank (&#8220;L-Bank&#8221;) and Step Stuttgarter Engineering Park Gmbh (&#8220;STEP&#8221;) as </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>shareholder</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>s </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>of PT German Centre Indonesia (&#8220;GCI&#8221;). </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Further</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, on April 30, 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>,&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> S</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>igma has bought all </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>shares owned by L-Bank and STEP in GCI</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. Through this acquisition, Sigma enlarged its data center capacity that can be offered</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> to</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> its customers.</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Acquisition of Patrakom</FONT></U></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.7pt; MARGIN: 0in 0in 0pt 35pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>On September 25, 2013, based on notarial deed No. 22 of Ashoya Ratam, S.H.,M.Kn,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> the Company </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>entered&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> into a </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Sales&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> Purchase Agreement (SPA) with PT ELNUSA Tbk </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>to acquire </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>40%&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> ownership in </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Patrakom </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>for </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Rp45.6 billion. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As a result, </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Company&#8217;s ownership in Patrakom increas</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>e from 40% </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>to 80%</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> (Note 10).</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 36.45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Further, o</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>n November</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> 29</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, 2013, based on notarial deed No. 54 of Ashoya Ratam, S.H., M.Kn</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>,&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> dated November 29, 2013 </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Company </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>has signed a SPA </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>with PT Tanjung Mustika Tbk </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>to acquire the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>remaining </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>20%&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> ownership in </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Patrakom </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>for </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Rp24.8 billion.</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=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>3.&nbsp;&nbsp; BUSINESS COMBINATIONS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -18.4pt; MARGIN: 0in 0in 0pt 36.4pt"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>a.</FONT></B><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Acquisitions (continued)</FONT></B></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Acquisition of Patrakom </FONT></U><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(continued)&nbsp;</FONT></U></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 1pt; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 1pt; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Patrakom is a satellite</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>based closed fixed telecommunications network oper</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>tor and provider of communications solutions and network with a permit </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>as </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Operator of Micro Earth Stations Communications Systems (&#8220;SKSBM&#8221;) in partnership with manufacturers of telecommunications equipment to serve various companies</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Through th</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>is&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> acquisition</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Company can </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>integrate Patrakom&#8217;s business activities in accordance with the Company&#8217;s business development plan.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 1pt; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 1pt; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The fair values of the assets acquired and liability transferred at the acquisition dates are as follows:</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>GCI</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Patrakom</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Total</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Cash and equivalents</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>3</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face=arial,sans-serif>39</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>42</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Other current assets</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>18</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>12</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>40</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Property and equipment (Note 11)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>225</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>71</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>3</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>96</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Current liabilities</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(15</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(171</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(186</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Non-current liabilities</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(16</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(45</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(61</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Fair value of </FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>the identifiable </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>net assets acquired</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>215</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>116</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>331</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Bargain p</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>urchase&nbsp;</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(42</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(42</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Fair value of previously held equity interests</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>46</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Fair value</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif> of the consideration transferred</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>173</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>70</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>43</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The excess of fair value of the identifiable net assets acquired over the fair value of the consideration transferred amounting Rp42 billion, was recorded as other income in the consolidated statement of comprehensive income of the year</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. Cost related to the acquisition amounting to Rp4.3 billion was incurred in 2013.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Since the acquisition dates, GCI and Patrakom have generated operating revenue amounting to Rp374 billion.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 35.45pt; MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Acquisition of CCA</FONT></U></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>On June 14, 2014, the shareholders of CCA and Telkom Australia entered into an agreement to purchase 75% ownership in CCA amounting for AU$10,843,000 or equivalent to Rp116 billion. The acquisition was completed on September 25, 2014. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>CCA is a private company based in Surry Hills, Sydney and established in 2002. This company provides comprehensive and integrated BPO solutions with other services for a complete end-to-end solution.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>40</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>3.&nbsp;&nbsp; BUSINESS COMBINATIONS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 35.45pt"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>a.</FONT></B><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Acquisitions (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>The fair values of the assets acquired and liabilities transferred at the acquisition date were as follows:&nbsp; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 96.14%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Cash and equivalents</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>6</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>Trade receivable</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>20</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>Other current assets</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>17</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Property and equipment</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>6</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>Intangibles</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>78</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>Lease</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>4</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>Current liabilities</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(29</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="83%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>Non current liabilities</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="83%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>Fair value of identifiable net asset acquired</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>100</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="83%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>Fair value of non-controlling interest</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(39</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>Goodwill</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>54</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>Fair value of consideration transferred</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>115</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=#222222 face=Arial,sans-serif>E</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=#222222 face=Arial,sans-serif>xchange rate prevailing at the time of acquisition</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=#222222 face=Arial,sans-serif> is Rp10,655/AU$.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>Since </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>the acquisition date, CCA ha</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>ve generated </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>operating revenue amounting to AU$ 1,139,997 (equivalent to Rp12 billion). The net cash flow to acquire control, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>net </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=#222222 face=Arial,sans-serif>of cash acquired, amounting to Rp110 billion.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The business combination transactions mentioned in above has complied to the related Bapepam-LK Regulations.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 35.45pt"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>b.</FONT></B><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Disposal of Indonusa</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>On October 8, 2013, the Company sold 80% of its ownership in Indonusa to PT Trans Co</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>r</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>pora and PT Trans Media Corpora for Rp926 billion. Further, on the same date, the Company, Metra and PT Trans Corpora signed a Shareholders Agreement that establishes mutual relationship among the shareholders of Indonusa, including the grant of the right to the Company and Metra to sell their 20% remaining ownership in Indonusa to PT Trans Corpora at any time in 24 months after the second year of the closing transaction at a certain price (Put Option).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company had received the full payment for the sale transaction.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company recognized the gain on sale of Indonusa shares in the consolidated statement of comprehensive income of the year 2013 as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P>

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<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="78%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Amount</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Fair value of considerations received:</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="78%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Cash</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>926</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="78%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Put Option</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>289</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="78%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Fair value of interest retained in Indonusa (Note 10)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>182</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="78%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Carrying amount of assets and liabilities of Indonusa</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(14</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="78%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Gain on sale of shares</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1,383</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>41</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>4.&nbsp;&nbsp; CASH AND CASH EQUIVALENTS </FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 1pt" lang=EN-US color=windowtext face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face=arial,sans-serif>201</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>4&nbsp;</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" lang=IN color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Cash on hand</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>24</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face=arial,sans-serif>7</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Cash in banks</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Related parties</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Rupiah</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.45in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>PT Bank Mandiri (Persero) Tbk (&#8220;Bank Mandiri&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>611</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>804</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.45in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>PT Bank Negara Indonesia (Persero) Tbk (&#8220;BNI&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>384</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>409</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>213</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>70</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Others</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>15</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>5</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>6</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1,22</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>3</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1,339</FONT></P></TD>

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<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Foreign currencies</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.45in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Bank </FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Mandiri&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>230</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>458</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.45in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>BNI</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>332</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>224</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.45in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>BRI</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>104</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>75</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.45in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Others</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>666</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>757</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Sub-total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>889</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2,096</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" lang=DE color=windowtext face=arial,sans-serif>Third parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" lang=DE color=windowtext face=arial,sans-serif>Rupiah</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.45in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Others (each below Rp75 billion)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>187</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>225</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Foreign currencies</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.45in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Standard Chartered Bank (&#8220;SCB&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>398</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>313</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.6in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Hong Kong and Shanghai Banking Corporation Ltd (&#8220;HSBC&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>95</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>66</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.45in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Others (each below Rp75 billion)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>87</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>36</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>580</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>415</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Sub-total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>767</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>640</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Total cash in banks</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2,656</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2,736</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Time deposits</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Related parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Rupiah</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.45in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>BRI</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>4,443</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>445</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.45in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>BNI</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1,285</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1,975</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.45in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Bank Mandiri</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>852</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1,271</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.45in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>BTN</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>25</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>375</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.45in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Others</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>50</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>6,606</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>6,116</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>42</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>4.&nbsp;&nbsp; CASH AND CASH EQUIVALENTS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

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<TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Time deposits (continued)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Related parties (continued)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Foreign currencies</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="63%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.6in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>BRI</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1,713</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>3,260</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="63%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.6in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Bank Mandiri</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>24</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="63%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.6in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>BNI</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>264</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="63%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1,96</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>3,524</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="63%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Sub-total</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>8,57</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

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<TR>

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<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="63%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.6in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>PT Bank Internasional Indonesia Tbk (&#8220;BII&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>126</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="63%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.6in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Others (each below Rp75 billion)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>143</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>187</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="63%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>4,926</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2,069</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="63%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Foreign currencies</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></SUP>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="63%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.6in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Bank Permata</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>720</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="63%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.6in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>PT Bank OCBC NISP Tbk (&#8220;OCBC NISP&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>448</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>244</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="63%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.6in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Bank Mega</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>323</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="63%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1,491</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>244</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="63%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Sub-total</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>6,417</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2,313</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="63%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Total time deposits</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>14,99</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>11,953</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="63%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Grand Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>17,6</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>7</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>14,696</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 3pt; TEXT-DECORATION: none" lang=IN color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Interest rates per annum on time deposits are as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="63%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face=arial,sans-serif>201</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>4&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=SV color=windowtext face=arial,sans-serif>201</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>3&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="63%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Rupiah</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>4.00%-11.50%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1.</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>0</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>0%-1</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>.50%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="63%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Foreign currencie</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>0.03%-3.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>0.03</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>%-</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>3.0</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>0%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The related parties in which </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he Group place</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>its funds are state-owned banks. The Group placed a majority of its cash and cash equivalents in these banks because they have the most extensive branch networks in Indonesia and are considered to be financially sound banks, as they are owned by the State.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Refer to Note 37 for details of related party transactions. </FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>43</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>5.&nbsp;&nbsp; OTHER CURRENT FINANCIAL ASSETS </FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><SUP><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P>

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<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Time deposits</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Related parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Bank </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Mandiri&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>100</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>BRI</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1,000</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Others</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>19</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Sub-total</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>100</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1,019</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Third parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>SCB</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1,859</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Bank </FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>CIMB Niaga</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1,800</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>OCBC NISP</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1,600</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Other</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Sub-total</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>5,269</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Total time deposits</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>110</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>6,288</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Available-for-sale financial assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Related parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Government</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>130</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>133</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>State-owned enterprises</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>55</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>74</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Sub-total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>185</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>207</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Third parties</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>69</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>65</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Total a</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>vailable-for-sale financial assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>254</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>272</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Escrow account</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2,121</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Others</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>312</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>312</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="65%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2,797</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>6,872</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014 and 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, time deposits denominated in foreign currency amounted to Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>110&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion and Rp59 billion, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Escrow account represents Telkomsel&#8217;s account in BNI, in relation to the Conditional Business Transfer Agreement between Telkomsel and the Company (Note 41c.ii).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The t</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ime deposits </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>have </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>maturities of more than three months but not more than one year, with interest rates</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Rupiah</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>.</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>60</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>%-</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>10</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>.</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>50</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Foreign currencies</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>0.85%-1.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>.</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>00</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>%</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>-1</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>.</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>10</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Refer to Note 3</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>7&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> for details of related party transactions.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>&nbsp;&nbsp; &nbsp;</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>44</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 3pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>6.&nbsp;&nbsp; TRADE RECEIVABLES</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Trade receivables arise from services provided to both retail and non-retail customers, with details as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a.&nbsp;&nbsp; By debtor</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(i)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Related parties</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><B><FONT style="FONT-SIZE: 1pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="LINE-HEIGHT: 70%; FONT-SIZE: 8pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>State-owned enterprises</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>458</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>877</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Indonusa</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>290</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>180</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>PT Indosat Tbk (&#8220;Indosat&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>72</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>48</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>CSM</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>52</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>45</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Others</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>276</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>241</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1,148</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1,391</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Provision for impairment of receivables</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(402</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(491</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Net</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>746</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>900</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(ii)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Third parties</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><B><FONT style="FONT-SIZE: 1pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 94.2%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Individual and business subscribers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>7,777</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>7,010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Overseas international carriers</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>636</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>497</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>8,413</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>7,507</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Provision for impairment of receivables</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(2,694</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(2,381</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Net</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>5,719</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>5,126</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Trade receivables from certain parties are presented net of the Group&#8217;s liabilities to such parties due to the existence of a legal right of set-off in accordance with the agreements with those parties.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>b.&nbsp;&nbsp; By age</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(i)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Related parties</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 94.2%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Up to 6 months</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>587</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>836</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>7 to 12 months</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>124</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>223</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>More than 12 months</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>437</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>332</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1,148</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1,391</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Provision for impairment of receivables</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(402</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(491</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Net</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>746</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>900</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 2pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>45</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">6.&#160;&#160; TRADE RECEIVABLES (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">b.&#160;&#160; By age (continued)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;text-indent:-.5in;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">(ii)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Third parties</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif 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;margin-left:.75in;width:94.2%;">
 <tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Up to 3 months</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">4,906</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">4,526</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">More than 3 months</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">3,507</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2,981</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">8,413</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">7,507</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Provision for impairment of
  receivables</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(2,694</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(2,381</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Net</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5,719</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">5,126</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:95%;">(iii)&#160; Aging of total trade
receivables</font></p>

<p style="margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:94.2%;">
 <tr>
  <td valign=bottom width=27% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=36% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=36% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">Gross</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">Provision for impairment of receivables</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">Gross</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">Provision for impairment of receivables</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">Not past due</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">3,237</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">127</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">3,618</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">10</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">Past due up to 3 months</font></p>
  </td>
 <td valign=bottom width=17% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">2,173</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">262</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">1,525</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">401</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">Past due more than 3 to 6 months</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">642</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">321</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">703</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">321</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">Past due more than 6 months</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">3,509</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">2,386</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">3,052</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">2,140</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=27% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">9,561</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:9.0pt;">3,096</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">8,898</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">2,872</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Group has made provision for
impairment of trade receivables based on the collective assessment of
historical impairment rates and individual assessment of its customers&#8217; credit
history. The Group does not apply a distinction between related party and third
party receivables in assessing amounts past due. As of </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">December 31,
2014 and 2013</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the carrying amount of trade receivables of the Group
considered past due but not impaired amounted to Rp</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">3,355&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">
billion and Rp2,418 billion, respectively. Management believes that receivables
past due but not impaired, along with trade receivables that are neither past
due nor impaired, are due from customers with good credit history and are
expected to be recoverable.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">c.&#160;&#160; By currency</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">(i)&#160;&#160; Related parties</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:94.2%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Rupiah</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1,122</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">1,361</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">U.S. dollar</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">26</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">30</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1,148</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">1,391</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Provision for impairment of
  receivables</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(402</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(491</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Net</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">746</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">900</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><sup><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></sup></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">6.&#160;&#160; TRADE RECEIVABLES (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">c.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">By currency (continued)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">(ii)</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160;&#160; </font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Third partie</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">s&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:58.5pt;width:93.72%;">
 <tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Rupiah</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">7,475</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">6,699</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">U.S. dollar</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">903</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">806</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Australian
  dollar</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">31</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Euro</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">3</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Hong Kong dollar</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">8,413</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">7,507</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Provision for
  impairment of receivables</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">(2,694</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(2,381</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Net</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">5,719</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">5,126</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:70%;text-decoration:none;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">d.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&#160;&#160; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Movements in the provision for impairment of receivables</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:1.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:96.14%;">
 <tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Beginning balance</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2,872</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2,047</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Provision recognized during the year
  (Note 29)</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">784</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">1,589</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Receivables written-off</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(560</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(622</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Acquisitio</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">n&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Di</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">vestment&nbsp;</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;"> (Note 3)</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(158</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">R</font><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">eclassification&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">15</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Ending balance</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">3,096</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2,872</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:1.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The receivables written off are
related-party and third-party trade receivables.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Management believes that the provision
for impairment of trade receivables is adequate to cove</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">r </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">losses
on uncollectible trade receivables.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">As of December 31, 2014, c</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ertain trade receivables of the subsidiaries
amounting to Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2,571 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">billion&nbsp;have been pledged as
collateral under lending agreements (Notes 1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">7</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">,
20 and 21).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Refer to Note 37 for details of
related party transactions. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face=arial,sans-serif lang=IN style="font-size:5.0pt;">&nbsp;</font></i></p>

<b><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"><br clear=all>


</font></b>
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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">7.&#160;&#160; INVENTORIES</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif 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;margin-left:.25in;width:98.06%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Components</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">279</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">272</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">SIM
  cards, RUIM cards, set top boxes, and
  blank prepaid vouchers</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">105</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">102</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">133</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">157</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">517</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">531</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Provision for obsolescence</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><sup><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><sup><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><sup><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Components</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(15</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(21</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">SIM
  cards, RUIM cards, set top boxes, and
  blank prepaid vouchers</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(28</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Others</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(43</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(22</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Net</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">474</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">509</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:22.5pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Movements in the provision for
obsolescence are as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif 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;margin-left:.25in;width:98.06%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Beginning balance</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">22</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">148</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Provision (reversal) recognized during the year</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">39</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(29</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Inventory write off</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(18</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Reclassification</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(96</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Divestment</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (Note 3)</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(1</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Ending balance</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">43</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">22</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The inventories recognized as expense
and included in operations, maintenance, and telecommunication service expenses
(Note 28) as of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December
31, 2014 and 2013
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">amounted to Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1,031&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion and Rp752 billion,
respectively.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Management believes that the provision
is adequate to cover losses from declines in inventory value due to
obsolescence.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Certain inventories of the Company&#8217;s
subsidiaries amounting to Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">57&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion have been pledged as
collateral under lending agreements (Notes 17 and 21).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014 and 2013</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, modules and components held by the
Group </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">has&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> been insured against fire, theft, and
other specific risks with book value amounting to Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">237&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion and Rp280 billion, respectively. Modules are
recorded as part of property and equipment. Total
sum insured as of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December
31, 2014 and 2013</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
amounted to Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">266&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion and Rp261 billion,
respectively.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Management believes that the insurance
coverage is adequate to cover potential losses of certain inventories which
happens to the Group.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

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<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>8.&nbsp;&nbsp; ADVANCES AND PREPAID EXPENSES</FONT></B></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=arial,sans-serif>2014</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=arial,sans-serif>2013</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Frequency license (Notes 41c.i and 41c.ii)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>699</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2,330</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Prepaid rental</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>983</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>744</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Advances</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>410</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>297</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Salaries</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>18</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>209</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Deferred expense</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>51</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>124</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Insurance</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>34</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>84</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Others (each below Rp75 billion)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>3</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>38</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>149</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Total</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>4,733</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>3,9</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>3</FONT></B><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>7</FONT></B></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Refer to Note 37 for details of related party transactions.</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>9.&nbsp;&nbsp; ASSET HELD FOR SALE</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>This account represents the carrying amount of Telkomsel&#8217;s equipment to be exchanged with equipment of Nokia Siemens Network Oy (&#8220;NSN Oy&#8221;) and PT Huawei Tech Investment (&#8220;PT Huawei&#8221;). The amount will be used as part of the settlement for the acquisition of equipment from these companies.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>In 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> and 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, Telkomsel&#8217;s equipment with net carrying amount of Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>41&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>and Rp105 billion, respectively</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, are reclassified to asset held for sale (Note 11c.vi). </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Asset held for sale is presented under personal segment (Note 38).</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>10.&nbsp; LONG-TERM INVESTMENTS </FONT></B></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Percentage</FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif> o</FONT></B><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>f ownership</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Beginning balance</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Addition (Deduction)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Share of net (loss) profit of associated company</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Translation adjustment</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Ending balance</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Long-term investments in associated companies</FONT></B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>:&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Tiphone<SUP>a</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>24.92</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1,395</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1,392</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Indonusa<SUP>b</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>20.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>189</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>32</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>221</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Teltranetc</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>51.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>52</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>52</FONT></P></TD>

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<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="29%">

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>51.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>39</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>4</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>43</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>PT Integrasi Logistik Cipta Solusi (&#8220;ILCS&#8221;)<SUP>e</SUP></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>49.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>37</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>38</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Telin Malaysia<SUP>f</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>49.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>18</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(19</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>CSM<SUP>g</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>25.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>PSN<SUP>h</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>14.60</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

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   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Sub-total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>283</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1,487</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(17</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1,752</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Other long-term investments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>15</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Total long-term investments</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>304</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1,481</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(17</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(1</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1,767</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>49</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>10.&nbsp; LONG-TERM INVESTMENTS</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> (continued)</FONT></B></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0pt 9pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="66%" colSpan=7>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif>Assets</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif>Liabilities</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif>Revenue</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Gain</FONT></B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif> (</FONT><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif>loss</FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Long-term investments in associated companies:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Tiphone<SUP>a</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>5,017</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>2,518</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>14,590</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>305</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Indonusa<SUP>b</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>761</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>987</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>387</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(74</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Teltranet</FONT><SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>c</FONT></SUP></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>104</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Melon<SUP>d</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>137</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>53</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>134</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>ILCS</FONT><SUP><FONT style="FONT-SIZE: 8pt" lang=FI color=windowtext face=Arial,sans-serif>e</FONT></SUP></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>110</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>33</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>99</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Telin Malaysia</FONT><SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>f</FONT></SUP></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>12</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(41</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>CSM</FONT><SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>g</FONT></SUP></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>1,090</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>1,614</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>173</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(196</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>PSN</FONT><SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>h</FONT></SUP></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>1,2</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>31</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>2,185</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>440</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>8,462</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>7,391</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>15,831</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>7</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="81%" colSpan=13>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Percentage</FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif> o</FONT></B><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>f ownership</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Beginning balance</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Addition (Deduction)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Share of net (loss) profit of associated company</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Dividend</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Translation adjustment</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Ending balance</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Long-term investments in associated companies</FONT></B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>:&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Indonusa<SUP>b</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>20.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>182</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>189</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Melon<SUP>d</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>51.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>42</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>39</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>ILCS<SUP>e</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>49.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>48</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>37</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Telin Malaysia<SUP>f</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>49.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>20</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>18</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>CSM<SUP>g</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>25.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>20</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(20</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>PSN<SUP>h</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>22.38</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Patrakom<SUP>i</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>40.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>46</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(46</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Scicom<SUP>j</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>29.71</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>98</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(88</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Sub-total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>254</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>68</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(29</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>283</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Other long-term investments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Total long-term investments</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>275</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>68</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(29</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(5</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(5</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>304</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="66%" colSpan=7>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=arial,sans-serif>Assets</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=arial,sans-serif>Liabilities</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=arial,sans-serif>Revenue</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=arial,sans-serif>Loss</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Long-term investments in associated companies:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Indonusa<SUP>b</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>655</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>669</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>363</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(124</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Melon<SUP>d</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>90</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>22</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>73</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ILCS</FONT><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif> e</FONT></SUP></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>88</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(22</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Telin Malaysia<SUP>f</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>37</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>CSM<SUP> g</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1,273</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1,387</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>306</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(181</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>PSN<SUP>h</SUP></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>817</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2,148</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>462</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(55</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2,960</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>4,240</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1,208</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(399</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></B></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>10.&nbsp; LONG-TERM INVESTMENTS</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> (continued)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -8.1pt; MARGIN: 0in 0in 0pt 27pt"><SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>a</FONT></SUP><SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp; </FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>Tiphone </FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>was established on June 25, 2008 as Tiphone Mobile Indonesia Tbk. </FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>The main activity of Company is</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif> engaged in telecommunication equipment businesses</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>, such as</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif> celullar phone including the spare parts, accessories, pulse </FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>reload vouchers</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>, repair service and content provider through its subsidiaries. On September 18, 2014, the Company through PINS acquired 25% ownerships in Tiphone amounted to Rp1,395 billion </FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>(Note 1d)</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>. &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -8.1pt; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.4in"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>Reconciliation of financial information </FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>to the carrying amount of </FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>long</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>-</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>term investment in Tiphone:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.4in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

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<TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="24%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="24%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>5</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>017</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="75%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Liabilities</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="24%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(2,518</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="75%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Net assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="24%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>2,499</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="75%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Net assets, exc</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>luding&nbsp;</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif> goodwill</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif> (Rp203 billion)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="24%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>2,296</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Group&#8217;s proportionate shares of net assets (24.92%)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="24%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>572</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Intangible assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="24%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>231</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Deferred tax liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="24%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(58</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="75%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Goodwill</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="24%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>647</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="75%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Carrying amount </FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>of long</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>term investment</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="24%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>1,392</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.5in"><SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>b</FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;&nbsp; Indonusa had been the Company&#8217;s subsidiary until 2013 when the Company disposed 80% of its interest in Indonusa (Note 3)</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.5in"><SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>c</FONT></SUP><SUP><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;&nbsp;&nbsp;</FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>Teltranet </FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>is </FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>recorded in equity method based on agreement between Metra and Telstra Holding Singapore Pte. Ltd. </FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>on August 29, 2014. </FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>Teltranet&nbsp;</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif> is enganged in communication </FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>system&nbsp;</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif> services (Note 1d).</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif> Metra </FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>does not have</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif> control in determining financial and operating policies of Teltranet. </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.5in"><SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>d</FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;&nbsp; Melon is engaged in providing Digital Content Exchange Hub services (&#8220;DCEH&#8221;). Metra does not have control over Melon</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif> a</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>s a result of the existence of substantive participating rights held by the other venturer over the significant financial and operating policies of Melon</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.5in"><SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>e</FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;&nbsp; ILCS is engaged in providing E-trade logistic services and other related services.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.5in"><SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>f</FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;&nbsp;&nbsp;Telin Malaysia is engaged in telecommunication services in Malaysia.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.5in"><SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>g</FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;&nbsp; CSM is engaged in providing Very Small Aperture Terminal (&#8220;VSAT&#8221;), network application services and consulting services on telecommunications technology and related facilities. The unrecognized share of losses of CSM for the years ended December 31, 2014 and 2013 are Rp131 billion and Rp80 billion, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.5in"><SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>h</FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;&nbsp; PSN is engaged in providing satellite transponder leasing and satellite-based communication services in the Asia-Pacific Region. The Company&#8217;s share in losses of PSN has exceeded the carrying amount of its investment since 2001; accordingly, the investment value has been reduced to Rp nil. The unrecognized share of losses of PSN for the years ended </FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013 are </FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>Rp297 billion and </FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>Rp</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>298&nbsp;</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif> billion, respectively. </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.5in"><SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>i</FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;&nbsp;&nbsp; Patrakom is engaged in providing satellite communication system services, related services and facilities to companies in the petroleum industry. Since 2013, Patrakom has been consolidated (Notes 1d and 3).</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.5in"><SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>j&nbsp;&nbsp;&nbsp;&nbsp;</FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>Scicom is engaged in providing call center services in Malaysia. On September 19, 2013, the Company sold its investment in Scicom (MSC) Berhad-Malaysia (Scicom), with the proceeds of disposal and the carrying amount of the investment on the date of disposal amounting to Rp153 billion and Rp88 billion, respectively, resulting in a gain of Rp65 billion. </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=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

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<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>11.&nbsp; PROPERTY AND EQUIPMENT</FONT></B></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>Januari 1,</FONT></B><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif> 2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>Business acquisition</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Additions</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Deductions</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Reclassifications/</FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif> T</FONT></B><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>ranslations&nbsp;</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>At cost</FONT></B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>:&nbsp;</FONT></P></TD>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Land rights</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1,098</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>107</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>184</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Buildings</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>4,224</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>131</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(19</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>235</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>4</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>571</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Leasehold improvements</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>812</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>49</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(52</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>134</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>943</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Switching equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>18,705</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>331</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(496</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>668</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>19</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>208</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Telegraph, telex and data</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif> communication</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>e</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>quipmen</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>t&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>Transmission installation </FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>95,853</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>2</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>298</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(1</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>235</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>10</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>657</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>107</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>573</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>Satellite, earth station and </FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>equipment&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>7,456</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>312</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>180</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>7,927</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Cable network</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>28,987</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>3,025</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(250</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>1,</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>352</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>33</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>114</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Power supply</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>11,755</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>225</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(78</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>874</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>12,776</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Data processing equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>9,230</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>684</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(53</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>381</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>10</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>242</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>Other telecommunications </FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>peripherals&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>500</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>102</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>602</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Office equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>770</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>191</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>951</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Vehicles</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>332</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>18</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>346</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Other equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>104</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>99</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Property under construction</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1,971</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>16,660</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(15</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(14,763</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>3,853</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Assets under finance lease</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Transmission installation and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>5,683</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>495</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(296</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>5,882</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Data processing equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>123</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>102</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>7</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>15</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

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<TR style="HEIGHT: 0.1in">

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>26</FONT></P></TD>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>18</FONT></P></TD>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>44</FONT></P></TD>

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<TR style="HEIGHT: 0.1in">

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>22</FONT></P></TD>

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<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

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   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>459</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

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   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

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   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(207</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>252</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Total</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>188,123</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>24,661</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(2,569</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(503</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>209,718</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>January 1, 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Additions</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Impairments</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Deductions</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Reclassifications/ </FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>T</FONT></B><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>ranslations&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Accumulated depreciation and impairment losses:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Directly acquired assets</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Buildings</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1,840</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>135</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(16</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1,954</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Leasehold improvements</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>649</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>71</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(52</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>669</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Switching equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>12,903</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1,549</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(496</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(95</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>13,861</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Telegraph, telex and data communication equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Transmission installation and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>46,666</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>9,084</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>406</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(1,161</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(231</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>54,764</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Satellite, earth station and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>5,190</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>577</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>332</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>6,099</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Cable network</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>17,758</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1,101</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>67</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(249</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>85</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>18,762</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Power supply</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>6,794</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1,246</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(62</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>7,978</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Data processing equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>6,822</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>869</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(57</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>7,624</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Other telecommunications peripherals</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>267</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>55</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>322</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Office equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>564</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>109</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>659</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Vehicles</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>68</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>46</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>113</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Other equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>100</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>97</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Assets under finance lease</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Transmission installation and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1,345</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>632</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(296</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1,681</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Data processing equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>83</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>17</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>79</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Office equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Vehicles</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>CPE asets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>15</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>RSA assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>294</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>130</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(207</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>217</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Total</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>101,362</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>15,633</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>805</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(2,418</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(473</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>114,909</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="30%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Net Book Value</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>86,761</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>94,809</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>52</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>11.&nbsp;&nbsp; PROPERTY AND EQUIPMENT (continued)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.04%; BACKGROUND: white; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>January 1, 2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Business acquisition</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Divestment</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Additions</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deductions</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Reclassifications/</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>T</FONT></B><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>ranslations&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>December 31, 2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>At cost</FONT></B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>:&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Directly acquired assets</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Land rights</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>977</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>110</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>1,098</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Buildings</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>3,787</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>120</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>98</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>220</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>4,224</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Leasehold improvements</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>783</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>24</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(27</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>32</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>812</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Switching equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>23,750</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>428</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(2,896</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(2,577</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>18,705</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Telegraph, telex and data communication equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>19</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Transmission installation and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>85,289</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>1,777</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(1,311</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>10,098</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>95,853</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Satellite, earth station and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>7,267</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>158</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(110</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>56</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>87</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>7,456</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Cable network</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>27,658</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(601</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>2,084</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(117</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(37</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>28,987</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Power supply</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>10,434</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>253</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(71</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>1,136</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>11,755</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Data processing equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>8,196</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>968</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(62</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>129</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>9,230</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Other telecommunications peripherals</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>280</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>230</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>500</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Office equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>680</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>138</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(41</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>770</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Vehicles</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>71</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>279</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(16</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>332</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Other equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>111</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>104</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Property under construction</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>1,312</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>15,349</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(14,690</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>1,971</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Assets under finance lease</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Transmission installation and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>2,873</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(30</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>3,170</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(330</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>5,683</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Data processing equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>339</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(221</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>123</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Office equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>15</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Vehicles</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>26</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>26</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>CPE assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>22</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>22</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>RSA assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>459</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>459</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 0.1in">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Total</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>174,322</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>396</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(756</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>24,898</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(5,048</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(5,689</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>188,123</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 0.1in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>January 1, 2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Business acquisition</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Divestment</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Additions</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Impairments</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Deductions</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Reclassifications/</FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Translations</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>December 31, 2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Accumulated depreciation and impairment losses:</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Directly acquired assets</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Buildings</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>1,739</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>163</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(62</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>1,840</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Leasehold improvements</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>609</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>67</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(27</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>649</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Switching equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>17,105</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>1,982</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2,718</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(3,466</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>12,903</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Telegraph, telex and datacommunication equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>16</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Transmission installation and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>41,210</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>7,609</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>321</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(1,205</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(1,269</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>46,666</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Satellite, earth station and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>4,684</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(142</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>663</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>226</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(239</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>5,190</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Cable network</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>17,291</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(181</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>1,022</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>49</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(106</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(317</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>17,758</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Power supply</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>5,982</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>1,171</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(67</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(292</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>6,794</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Data processing equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>6,355</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>738</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(49</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(221</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>6,822</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Other telecommunications peripherals</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>259</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>18</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>267</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Office equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>548</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>72</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(49</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>564</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Vehicles</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>61</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>25</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(16</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>68</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Other equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>102</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>100</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Assets under finance lease</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Transmission installation and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>782</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>896</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(330</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>1,345</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Data processing equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>261</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>37</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(215</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>83</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Office equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>7</FONT></P></TD>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>1</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>2</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(0</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>1</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>13</FONT></P></TD>

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<TR>

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   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>253</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>41</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>294</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Total</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>97,275</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(335</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>14,512</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>596</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(4,727</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(5,959</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>101,362</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Net Book Value</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>77,047</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>86,761</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 2pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>11.&nbsp; PROPERTY AND EQUIPMENT (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a.&nbsp;&nbsp; Gain on disposal or sale of property and equipment</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 96.14%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Proceeds from sale of property and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>501</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>466</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Net book value</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(64</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(36</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Gain on disposal or sale </FONT></B><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>of property and equipment</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>437</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>430</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 6pt 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>b</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp; Assets impairment </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of December 31</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> 2014 and</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> 2013, the CGUs that independently generate cash inflows were fixed wireline, fixed wireless, cellular and others.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of December 31 2013, there were indications of impairment in the fixed wireless CGU (presented as part of personal segment), which were mainly due to increased competition in the fixed wireless market that resulted in lower average tariffs, declining active customers and declining average revenue per user. The Company assessed the recoverable value of the assets in the CGU and determined that assets for the fixed wireless CGU were impaired by Rp596 billion. The recoverable amount has been determined based on value-in-use (VIU) calculations. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face=arial,sans-serif>This calculation used the most recent cash flows projection approved by management covering five-year period and with cash flows beyond the five-year period extrapolated using perpetuity growth rate. Management&#8217;s cash flow projection also incorporates management&#8217;s reasonable expectations for developments in macro economic conditions and</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> market expectations for the Indonesian telecommunications industry. </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>M</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>anagement applied a pre-tax discount rate of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>13.5% </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>derived from the Company&#8217;s post-tax weighted average cost of capital and benchmarked to externally available data.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face=arial,sans-serif>In 2014, the Group decided to cease its fixed wireless business no later than December 15, 2015. The Company assessed the recoverable amount to be Rp549 billion as of December 31, 2014 and determined that the assets for fixed wireless CGU were further impaired by Rp805 billion. The recoverable amount has been determined based on VIU calculation using the most recent cash flows projection approved by management. The cash flows projection included cash inflows from the continuing use of the assets during the remaining service period and projected net cash flows to be received for the disposal of the assets for fixed wireless CGU at the end of service period. Projected net cash flows to be received for the disposal of the assets was determined based on cost approach, adjusted for physical, technological and economic obsolescence. Management applied a pre-tax discount rate of 13.</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>5% </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>derived from the Company&#8217;s post-tax weighted average cost of capital and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face=arial,sans-serif>benchmarked to externally available data. In addition, management also applied technological and economic obsolescence rate of 30% based on the Company&#8217;s internal data, as there is a lack of comparable market data because of the nature of the assets. The calculation of VIU calculation is most sensitive to technological and economic obsolescence rate assumption. An increase in technological and economic obsolescence rate to 40% would result in a further impairment of Rp70 billion.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face=arial,sans-serif>Loss on impairment of assets was recognized within &#8220;Depreciation and Amortization&#8221; in the consolidated statement of comprehensive income.</FONT></P>

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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">11.&#160; PROPERTY AND EQUIPMENT (continued)</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">c</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160; Others
</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.8in;text-align:justify;text-indent:-.3in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(i)&#160;&#160;&#160;&#160; Interest
capitalized to property under construction amounted </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">to </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">251&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion and Rp100 billion for the
years ended </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December
31, 2014</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and 2013,
respectively. The capitalization rate used to determine the amount of borrowing
costs eligible for capitalization ranges from </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">10.14%&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> to </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">18.31</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">% and from 9.75% to 13.07% for the
years ended </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December
31, 2014 and </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">2013, respectively.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:58.5pt;text-align:justify;text-indent:-22.5pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.8in;text-align:left;text-indent:-.3in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(ii)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">No foreign exchange loss was
capitalized as part of property under construction for the years ended </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and 2013.</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:58.5pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:11.0pt;">(iii)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">In
2014 and 2013, the G</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">roup received the proceeds from the insurance claim on
the </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">lo</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">st and broken
property and equipment, with a total value of Rp212 billion and Rp60 billion,
respectively. The proceeds were recorded as part of &#8220;Other Income&#8221; in the consolidated
statement of comprehensive income. In 2014 and 2013, the net carrying value </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">those assets of
Rp50 billion and Rp17 billion, respectively, were charged </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">to&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> the
consolidated statement of comprehensive income.</font></p>

<p style="margin-bottom:0in;margin-left:58.5pt;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.8in;text-align:justify;text-indent:-.3in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(iv)</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">In 2012, Telkomsel decided to replace
certain equipment units with net carrying amount of Rp1,037 billion, as part of
a modernization program. Accordingly, Telkomsel changed the estimated useful
lives of such equipment. In 2014</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
and 2013</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the effect of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the change is the </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">additional depreciation expense amount</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ing&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> to Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">84&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
and Rp131 billion, respectively</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.8in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">In
2014, Telkomsel decided to </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">replace
certain</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> equipment units
with net carrying amount of
Rp252 billion, as part of
modernization program. </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Accordingly</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, Telkomsel changed the estimat</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ed&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> useful li</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ves&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">such&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> equipment. In 2014, </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the effect of the change is
the additional </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">depreciation
expense amount</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ing&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> to Rp252 billion. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.8in;text-align:justify;text-indent:-.3in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(v)&#160;&#160;&#160; In 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the useful lives of Telkomsel&#8217;s
towers were changed </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">from
10 years to 20 years </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">to
reflect their current economic</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
useful</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> lives. The impact
is a reduction of depreciation expense </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">by </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">565&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion and Rp606 billion,
respectively</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">for the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">years&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> ended </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December
31, 2014 and 2013.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:58.5pt;text-align:justify;text-indent:-22.5pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.8in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The impact of the change in the
estimated useful lives of the towers in future periods is to increase the
profit before income tax as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:58.5pt;text-align:justify;text-indent:-22.5pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:58.5pt;width:93.72%;">
 <tr>
  <td valign=bottom width=74% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><u><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Years</font></u></b></p>
  </td>
 <td valign=bottom width=25% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><u><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Amount</font></u></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=74% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2015</font></p>
  </td>
 <td valign=bottom width=25% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">469</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=74% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2016</font></p>
  </td>
 <td valign=bottom width=25% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">301</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=74% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2017</font></p>
  </td>
 <td valign=bottom width=25% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">92</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.8in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">In 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">4</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">,
the useful lives of Telkomsel&#8217;s </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">buildings
and transmissions</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> were
changed </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">from 20&nbsp;years
to 40 years, and from 10 years to 15 and 20 years, </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">to reflect their current economic </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">useful </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">lives. The impact is a reduction of
depreciation expense </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">by
Rp289 billion </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">for the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">year&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> ended </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.8in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The impact of the change in the
estimated useful lives of the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">buildings
and transmissions</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> in
future periods is to increase the profit before income tax as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:58.5pt;text-align:justify;text-indent:-22.5pt;"><font color=windowtext face=arial,sans-serif 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;margin-left:58.5pt;width:93.72%;">
 <tr style="height:.1in;">
  <td valign=bottom width=74% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><u><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Years</font></u></b></p>
  </td>
 <td valign=bottom width=25% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><u><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Amount</font></u></b></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=74% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2015</font></p>
  </td>
 <td valign=bottom width=25% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">264</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=74% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2016</font></p>
  </td>
 <td valign=bottom width=25% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">244</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=74% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2017</font></p>
  </td>
 <td valign=bottom width=25% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">198</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=74% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2018</font></p>
  </td>
 <td valign=bottom width=25% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">135</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<b><font face="times new roman" lang=EN-US style="font-size:10.0pt;"><br clear=all>


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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">55</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font></p>





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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>11.&nbsp; PROPERTY AND EQUIPMENT (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>c.&nbsp; Others (continued)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(v</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>i</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>)&nbsp;&nbsp; Exchange of property and equipment</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -13.5pt; MARGIN: 0in 0in 10pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>In </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2012 and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2011, the Company entered into a Procurement and Installation Agreement for the Modernization of the Copper Cable Network through Optimization of Asset Copper Cable Network through Trade In/Trade Off method </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>with PT L</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>en&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> Industri (&#8220;LEN&#8221;) and PT Industri Telekomunikasi Indonesia (&#8220;INTI&#8221;)</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, respectively</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>In 2014 and 2013, the Company derecognized the copper cable network asset with net carrying value of Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1.8&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> and Rp1.6 billion</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, respectively, and recorded the fiber optic network asset from the exchange transaction of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Rp435 billion and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Rp203 billion. </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -13.5pt; MARGIN: 0in 0in 10pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>In 2014 and 2013, certain equipment units of Telkomsel with net carrying amount of Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>37 billion</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and Rp2</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>68 billion, respectively,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> were exchanged with equipment from NSN Oy and PT Huawei. As of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014 and 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, Telkomsel&#8217;s equipment with net carrying amount of Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>41&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>billion and Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>105 </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>billion</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, respectively,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> are going to be exchanged with equipment from NSN Oy and PT Huawei</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>,&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>therefore,</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> these</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> equipment units were reclassified as assets held for sale (Note 9).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(vi</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>i</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>)&nbsp; The Group own several pieces of land rights located throughout Indonesia with Building Use Rights (&#8220;Hak Guna Bangunan&#8221; or &#8220;HGB&#8221;) for a period of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>10-45&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>years which will expire between </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2015&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>and </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2053</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. Management believes that there will be no issue in obtaining the extension of the land rights when they expire.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(vii</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>i</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>)&nbsp; As of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, the Group&#8217;s property and equipment except land rights, with net carrying amount of Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>85,352&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion were insured against fire, theft, earthquake and other specified risks, </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>including business interruption, under blanket policies totalling </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>15,244&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>billion, US$</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>119 </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>million, EURO</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>113 thousand</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>HKD19 million and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>SGD</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>29&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>million</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Management believes that the insurance coverage is adequate to cover potential losses from the insured risks.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ix</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>)&nbsp;&nbsp; As of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, the percentage of completion of property under construction was around </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>34</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>% of the total contract value, with estimated dates of completion between </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>January 2015</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>November 2016</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. The balance of property under construction mainly consists of buildings, transmission installation and equipment, cable network and power supply. Management believes that there is no impediment to the completion of the construction in progress.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(x)&nbsp;&nbsp;&nbsp; All assets owned by the Company have been pledged as collateral for bonds (Note 20a). Certain property and equipment of the Company&#8217;s subsidiaries with gross carrying value amounting to Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>6,962&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>billion have been pledged as collateral under lending agreements (Notes 17 and 21).</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(x</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>i</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>)&nbsp;&nbsp; As of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014 </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>the cost of fully depreciated property and equipment of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he Group that are still used in operations amounted to Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>47,910 </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>billio</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>n</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. The Group </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>is&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> currently performing modernization of network assets to replace the fully depreciated property and equipment.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(x</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ii</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>)&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>As of December 31, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2014, the total fair values of land rights and buildings of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he Group, which are determined based on the sale value of the tax object (&#8220;Nilai Jual Objek Pajak&#8221; or &#8220;NJOP&#8221;) of the related land rights and buildings, amounted to Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>19,412&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>billion.</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=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>11.&nbsp; PROPERTY AND EQUIPMENT (continued)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>c</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp;&nbsp; Others (continued)</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.3in; MARGIN: 0in 0in 0pt 0.8in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(xiii) </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company and Telkomsel entered into several agreements with PT Profes</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ional Telekomunikasi Indonesia, PT Tower Bersama Infrastructure Tbk, PT Solusindo Kreasi Pratama, PT Naragita Dinamika Komunika</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, PT Solusindo Tunas Pratama </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>and other tower providers to lease spaces in telecommunication towers (slot) and sites of the towers for a period of 10 years. The Company and Telkomsel may extend the lease period based on the agreement by both parties. In addition, the Group also has lease commitments for property and equipment under RSA, transmission installation and equipment, data processing equipment, office equipment, vehicles and CPE assets with the option to purchase certain leased assets at the end of the lease terms</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 58.5pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 1.05in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>Future minimum lease payments for assets under finance lease are as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 1pt" lang=EN-US color=windowtext face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 1pt" lang=EN-US color=windowtext face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></B></P>

<DIV align=left>

<TABLE style="WIDTH: 93.72%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 58.5pt" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><U><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Year</FONT></U></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>1,070</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2015</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>975</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>885</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2016</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>927</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>847</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2017</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>898</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>813</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2018</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>830</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>754</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2019</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>758</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>681</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Thereafter</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,147</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,854</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total minimum lease payments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>6,535</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>6,904</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Interest</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(1,746</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(1,935</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Net present value of minimum lease payments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>4,789</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>4,969</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Current maturities (Note 18a)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(571</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(648</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Long-term portion </FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(Note 18b)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>4,218</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>4,321</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>12.&nbsp; ADVANCES AND OTHER NON-CURRENT ASSETS</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Advances and other non-current assets as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014 and 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> consist of:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Advances for purchase of property and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>3</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>,354</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1,550</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Prepaid rental - net of current portion (Note 8)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>587</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1,403</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Frequency license - net of current portion (Note 8)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>49</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>619</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Deferred charges</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>484</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>529</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Long-term trade receivables - net of current portion (Note 6)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>362</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>558</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Restricted cash</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>112</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>54</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Others</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>87</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>82</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>6,479</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>4,795</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>57</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

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<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>12.&nbsp; ADVANCES AND OTHER NON-CURRENT ASSETS (continued)</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Prepaid rental covers rent of leased line and telecommunication equipment and land and building under lease agreements of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he Group with rental periods ranging from 1 to 40 years.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Long- term</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> trade receivables are measured at amortized cost using the effective interest rate method payable in installments over 4 years, and arose from providing telecommunication access and services in rural areas (USO) (Note 41c.v).</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014 and 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, deferred charges represent deferred Revenue-Sharing Arrangement (&#8220;RSA&#8221;) charges and deferred Indefeasible Right of Use (&#8220;IRU&#8221;) Agreement charges. Total amortization of deferred charges </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>for the years ended December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013 amounted to Rp86 billion and Rp91 billion, respectively. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014 and 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, the carrying amount of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he Group&#8217;s temporarily idle property and equipment amounted to </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Rp1 billion and Rp0 billion</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 4pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Refer to Note 37 for details of related party transactions.</FONT></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>13.&nbsp; INTANGIBLE ASSETS</FONT></B></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(i)</FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;&nbsp; </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The changes in the carrying amount of goodwill, software, license and other intangible assets for the years ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013 are as follows:</FONT></P>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Goodwill</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Software</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>License</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Other</FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif> i</FONT></B><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>ntangible assets</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Gross carrying amount:</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Balance, December 31, 201</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>3&nbsp;</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>270</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>3,432</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>67</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>401</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>4,170</FONT></P></TD>

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<TR style="HEIGHT: 1pt">

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Additions</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>1,340</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>107</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>1,447</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="36%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Acquisition (Note 3a)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>54</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>78</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>132</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="36%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Deductions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="36%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Reclassifications/translations</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="36%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Balance, </FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>December 31, 2014</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>322</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>4,771</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>67</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>572</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>5,732</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="36%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Accumulated amortization</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif> and impairment losses</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>:&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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<TR style="HEIGHT: 1pt">

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Balance, December 31, 201</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>3&nbsp;</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(29</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(2,278</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(37</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(318</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(2,662</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(583</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(6</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(30</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(619</FONT></P></TD>

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<TR style="HEIGHT: 1pt">

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>13</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>13</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Reclasification/translation</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(1</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(1</FONT></P></TD>

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<TR style="HEIGHT: 1pt">

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Balance, </FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>December 31, 2014</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(29</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(2,862</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(43</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(335</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(3,269</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="36%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Net Book Value</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>293</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>1,909</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>24</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>237</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>2,463</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9.35pt; MARGIN: 0in 0in 0in 27.35pt"><FONT style="LINE-HEIGHT: 70%; FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 96.14%; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Goodwill</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Software</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>License</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Other</FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif> i</FONT></B><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>ntangible assets</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="36%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Gross carrying amount:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Balance, December 31, 2012</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>269</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>2,909</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>66</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>400</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>3,644</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="36%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Additions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>521</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>114</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>637</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Deductions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(112</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(120</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="36%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Reclassifications/translations</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Balance, December 31, 2013</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>270</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>3,432</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>67</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>401</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>4,170</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>58</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">13.&#160; INTANGIBLE ASSETS (continued)</font></b></p>

<p style="margin-bottom:0in;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:98.06%;">
 <tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Goodwill</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Software</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">License</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Other</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> i</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">ntangible
  assets</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Accumulated amortization</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> and impairment
  losses</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">:&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Balance, December 31, 2012</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(29</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(1,825</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(31</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(316</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(2,201</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Amortization</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(458</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(6</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(114</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(578</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Deductions</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">8</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">112</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">120</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Reclassifications/translations</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(3</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Balance, December 31, 2013</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(29</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(2,278</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(37</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(318</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(2,662</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Net Book Value</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">241</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1,154</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">30</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">83</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">1,508</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(ii)&#160;&#160; </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Goodwill resulted from
acquisition of CCA in 2014 (Notes 1d and 3a), </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">s</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ale</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">s-p</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">urchase transaction of Data Center Business
between Sigma and BDM in 2012</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">and from the acquisition</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">s&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> of Ad Medika in 2010 and Sigma in 2008</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.
&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(iii)&#160; The remaining
amortization periods of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">software
range</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> from </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1 </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">to </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
years.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">i</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">v)&#160; As
of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31,
2014</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> the cost of fully
amortized intangible assets that are still used in operations amounted to Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1,745&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion.</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">14.&#160; TRADE PAYABLES</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif 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;margin-left:.25in;width:98.06%;">
 <tr>
  <td valign=top width=61% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Related parties</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Purchase
  of equipment, materials and services</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">723</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">805</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Payables
  to other telecommunications providers</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">47</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">21</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Sub-total</font></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">770</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">826</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Third parties</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Purchase
  of equipment, materials and services</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">9,471</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">9,758</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Radio frequency usage charges, concession fees and
  Universal Service Obligation charges</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,160</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">960</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Payables
  to other telecommunications providers</font></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">429</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">56</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Sub-total</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">11,060</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">10,774</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Total</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">11,830</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">11,600</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:1.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Trade payables by currency are as
follows: </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:1.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif 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;margin-left:.25in;width:98.06%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Rupiah</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">9,100</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">8,174</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">U.S. dollar</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2,684</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">3,373</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Others</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">46</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">53</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Total</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">11,830</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">11,600</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Refer to Note 37 for details of
related party transactions. </font></p>





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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">59</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">15.&#160; ACCRUED EXPENSES</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:1.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif 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;margin-left:.25in;width:98.06%;">
 <tr>
  <td valign=top width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Operations, maintenance and telecommunications
  services</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2,640</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2,504</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Salaries and benefits</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1,091</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">1,453</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">General, administrative and
  marketing expenses</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1,291</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">1,126</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Interest and bank charges</font></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">189</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">181</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Total</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5,211</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">5,264</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Refer to Note 37 for
details of related party transactions.</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">16.&#160; UNEARNED INCOME</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif 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;margin-left:.25in;width:98.06%;">
 <tr>
  <td valign=top width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2014</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Prepaid pulse reload vouchers</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">3,588</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">3,117</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Other telecommunications services</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">78</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">46</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Others</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">297</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">327</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Total</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">3,963</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">3,490</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">17.&#160; SHORT-TERM BANK LOANS</font></b></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif 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;margin-left:.25in;width:98.06%;">
 <tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=26% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=26% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=26% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Outstanding</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=26% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Outstanding</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Lenders</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Currency</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Original currency</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(in millions)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Rupiah equivalent</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Original currency</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(in millions)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Rupiah equivalent</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Citibank N.A</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">US$</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">100</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,244</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Bank CIMB Niaga</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">234</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">155</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">UOB</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">200</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">130</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">PT </font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Bank Danamon</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> Indonesia Tbk (&#8220;Bank Danamon&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">60</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">80</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Others</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">72</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">67</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Total</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=13% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=13% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,810</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=13% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">432</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:17.7pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Refer to Note 37 for details of
related party transactions.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:17.7pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:17.7pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Other significant information relating
to short-term bank loans as </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">of December 31, 2014</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> is as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:17.7pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:98.06%;">
 <tr>
  <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Borrower</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Currency</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Total facility</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(in billions)</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Maturity date</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Interest payment period</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Interest</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> r</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">ate per annum</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Security</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Citibank N.A</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">April 22,
  2014</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Telkomsel</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">0.1</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">February 13, 2015</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">LIBOR+1.2%</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">None</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Bank CIMB Niaga</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">April 25, 2005<sup> </sup></font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">a</font></sup></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Balebat</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">12</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">October 18, 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">5&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">13.00</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Property and
  equipment (Note 11),</font></p>
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Inventories (Note
  7), and trade</font></p>
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">receivables (Note 6)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">17.&#160; SHORT-TERM BANK LOANS (continued)</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:17.7pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Other significant information relating
to short-term bank loans as at </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December
31, 2014</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> is as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:17.7pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(continued)</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:98.28%;">
 <tr style="height:.1in;">
  <td valign=bottom width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Borrower</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Currency</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Total facility</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(in billions)</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Maturity date</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Interest</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> p</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">ayment
  period</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Interest</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> r</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">ate per
  annum</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Security</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Bank CIMB Niaga (continued)</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">April 29, 2008<sup> a</sup></font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Balebat</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">10</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">October 18, 201</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">5&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">13.00</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Property and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">equipment (Note 11),</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">inventories (Note 7),</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">and trade</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">receivables (Note 6)</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">March 21, 2013<sup> b</sup></font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Infomedia</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">38</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">October 18, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">12.00</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Trade receivables</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(Note 6)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">March 25, 2013<sup> b</sup></font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Infomedia</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">38</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">October 18, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">12.00</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Trade receivables</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(Note 6)</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">March 27, 2013<sup> b</sup></font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Infomedia</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">24</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">October 18, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">12.00</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Trade receivables</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(Note 6)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">April 28, 2013<sup> </sup></font><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">c</font></sup></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">GSD</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">85</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">November 11, 2015</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">11.50</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Property and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">equipment (Note 11)</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">September 22, 201</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">4&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Balebat</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">25</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">April 30</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">, 201</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">5&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">13.00</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Property and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">equipment (Note 11),</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">inventories (Note 7),</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">and trade</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">receivables (Note 6)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">September 22, 201</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">4&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Balebat</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">5</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">October 18</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">, 201</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">5&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">13.00</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Property and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">equipment (Note 11),</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">inventories (Note 7),</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">and trade</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">receivables (Note 6)</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">October</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> 29</font><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">, 201</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">4&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Infomedia Solusi Humanika</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">50</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">October </font><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">29</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">, 201</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">5&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">1</font><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:8.0pt;">2</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">.00</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Trade receivables</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(Note 6)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">UOB</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">November 22, 2013</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Infomedia</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">200</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">November 22, 201</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">5&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">12.00</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Trade</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> receivables</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(Note 6)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=19% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Bank Danamon<sup> </sup></font><sup><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">d</font></sup></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=top width=19% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">August 23, 2013</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Infomedia</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">80</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">August 23, 201</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">5&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">12.00</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Trade r</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">eceivable </font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(Note 6)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The credit facilities obtained by the
Company&#8217;s subsidiaries are used for working capital purposes.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;text-indent:-9.0pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;text-indent:-9.0pt;"><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">a</font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&#160;&#160; Based on the latest
amendment on September 22,&nbsp;2014</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;text-indent:-9.0pt;"><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">b</font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&#160;&#160; Based on the latest
amendment on </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">October
16</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">,&nbsp;2014&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;text-indent:-9.0pt;"><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">c</font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&#160;&#160; Based on the latest
amendment on </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">November
11</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">,&nbsp;2014&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:27.0pt;text-align:justify;text-indent:-9.0pt;"><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">d</font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&#160;&#160; </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Based on the
latest amandment on </font><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:8.0pt;">August 23</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">, 2014</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&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=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>18.&nbsp; CURRENT MATURITIES OF LONG-TERM LIABILITIES</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a.&nbsp;&nbsp; Current maturities</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

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<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Notes</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Bank loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>4,052</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>3,956</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Bonds and notes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>20</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,069</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>276</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Obligations under finance leases</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>571</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>648</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Two-step loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>19</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>207</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>213</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>5,899</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>5,093</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="LINE-HEIGHT: 70%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Refer to Note 37 for details of related party transactions.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>b.&nbsp;&nbsp; Long-term portion</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Scheduled principal payments as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> are as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 96.14%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="60%" colSpan=9>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Year</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Notes</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>201</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>6&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2017</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2018</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2019</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Thereafter</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Bank loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>7,878</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,490</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,100</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,826</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>656</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>806</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Obligations under finance leases</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>4,218</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>574</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>601</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>592</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>571</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,880</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Bonds and notes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>20</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,239</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>23</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>220</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,995</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Two-step loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>19</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,408</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>210</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>211</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>188</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>169</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>630</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>15,743</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3,297</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,913</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,606</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,616</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>5,311</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<DIV align=left>&nbsp;</DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in"><FONT style="LINE-HEIGHT: 70%; FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>19.&nbsp; TWO-STEP LOANS </FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Two-step loans are unsecured loans obtained by the Government which are then re-loaned to the Company. The loans entered into up to July 1994 are payable in rupiah based on the exchange rate at the date of drawdown. Loans entered into after July 1994 are payable in their original currencies and any resulting foreign exchange gain or loss is borne by the Company.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="37%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="25%" colSpan=3>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=3>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="37%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="25%" colSpan=3>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Outstanding</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="23%" colSpan=3>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Outstanding</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="37%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Lenders</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Currency</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Original currency</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(in millions)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Rupiah equivalent</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Original currency</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(in millions)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Rupiah equivalent</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="37%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Overseas banks</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Yen</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>7,679</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>796</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>8,447</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>979</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="37%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>US$</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>31</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>381</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>35</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>429</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="37%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>438</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>507</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="37%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>1,615</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>1,915</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="37%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Current maturities (Note 18a)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(207</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(213</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="37%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Long-term portion </FONT></B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(Note 18b)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>1,408</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>1,702</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>19.&nbsp; TWO-STEP LOANS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

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<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Lenders</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Currency</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Payment schedule</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Interest payment period</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Interest</FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif> r</FONT></B><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>ate per annum</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Overseas banks</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>US$</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Semi-annually</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Semi-annually</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>4.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Semi-annually</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Semi-annually</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>8.</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>50</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="33%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="15%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Yen</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Semi-annually</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Semi-annually</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>3.10%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -9pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The loans were intended for the development of telecommunications infrastructure and supporting telecommunications equipment. The loans are due on various dates through 2024.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Since 2008, the Company had used all facilities under the two-step loans program and the drawdown period for the two-step loans had expired.</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Under the loan covenants, the Company is required to maintain financial ratios as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -14.7pt; MARGIN: 0in 0in 0pt 36.4pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -17.5pt; MARGIN: 0in 0in 0pt 36.4pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a.&nbsp;&nbsp; Projected net revenue to projected debt service ratio should exceed 1.2:1 for the two-step loans originating from Asian Development Bank (&#8220;ADB&#8221;).</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -17.5pt; MARGIN: 0in 0in 0pt 36.4pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>b.&nbsp;&nbsp; Internal financing (earnings before depreciation and finance costs) should exceed 20% compared to annual average capital expenditures for loans originating from the ADB.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -14.7pt; MARGIN: 0in 0in 0pt 36.4pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> 3</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, 2014, the Company has complied with the above-mentioned ratios. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Refer to Note 37 for details of related party transactions. </FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>20.&nbsp; BONDS AND NOTES</FONT></B></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Outstanding</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Outstanding</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Bonds and notes</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Currency</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Original currency</FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(in millions)</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Rupiah equivalent</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Original currency</FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(in millions)</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Rupiah equivalent</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>Bonds</FONT></P></TD>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal; TEXT-DECORATION: none" color=windowtext face=arial,sans-serif></FONT></SUP>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>Series A</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>1,005</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>1,005</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="37%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>Series B</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>1,995</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>1,995</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="37%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>Medium Term Notes (&#8220;MTN&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="37%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>GSD</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="37%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>Series A</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>220</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="37%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>Promissory Notes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="37%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>PT Huawei</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>US$</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>52</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>18</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>213</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="37%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>PT ZTE Indonesia (&#8220;ZTE&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>US$</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>36</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>136</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="37%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>Total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>3,308</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>3,349</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="37%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>Current maturities (Note 18a)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>(1,069</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>(276</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="37%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Long-term portion (Note 18b)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2,239</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>3,073</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 22.5pt"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif>a.&nbsp;&nbsp; Bonds</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 6pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 96.14%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Bonds</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Principal</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Issuer</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Listed on</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Issuance date</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Maturity date</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Interest</FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif> p</FONT></B><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>ayment period</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Interest rate per annum</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Series A</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1,005</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>The Company</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>IDX</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>June 25, 2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>July 6, 2015</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Quarterly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>9.60%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Series B</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>1,995</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>The Company</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>IDX</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>June 25, 2010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>July 6, 2020</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Quarterly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>10.20%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>3,000</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>63</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>20.&nbsp; BONDS AND NOTES (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 22.5pt"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif>a.&nbsp;&nbsp; Bonds (continued)</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The bonds are secured by all of the Company&#8217;s assets, movable or non-movable, either existing or in the future (Note 11</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>c</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.x). The underwriters of the bonds are Bahana, PT Danareksa Sekuritas and PT Mandiri Sekuritas and the trustee is PT CIMB Niaga Tbk.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company received the proceeds from the issuance of bonds on July 6, 2010.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The funds received from the public offering of bonds net of issuance costs, were used to increase capital expenditures which consisted of wave broadband (bandwidth, softswitching, datacom, information technology and others), infrastructure (backbone, metro network, regional metro junction, internet protocol, and satellite system) and to optimize legacy and supporting facilities (fixed wireline and wireless).</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, the rating of the bonds issued by PT Pemeringkat Efek Indonesia (Pefindo) is idAAA (stable outlook).</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Based on the indenture trust</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> agreement, the Company is required to comply with all covenants or restrictions, including maintaining financial ratios as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>1.&nbsp;&nbsp; Debt to equity ratio should not exceed 2:1.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp;&nbsp; EBITDA to finance costs ratio should not be less than 5:1.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>3.&nbsp;&nbsp; Debt service coverage is 125%.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, the Company has complied with the above mentioned ratios.</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7.5pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>Semi-annually</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7.5pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>11%</FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7.5pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif>Based on </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>A</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif>greement of </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>I</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif>ssuance and </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>A</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif>ppointment of </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>M</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif>onitoring and </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>I</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif>nsurance </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>A</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif>gents of Medium Term Notes (MTN) </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>PT Graha Sarana Duta year 2014 dated November 13, 2014 as covered by notarial deed N</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif>o. 30 </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>of Arry Supratno, S.H.</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif>, GSD will issue MTN with the principle amount up to Rp500 billion in series.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>PT Mandiri Sekuritas act as the Arranger, Bank Mandiri as the Monitoring and Insurance Agent, and KSEI as Custodian. The Funds obtained from MTN are used for investment projects.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Trade receivables, inventories, land and building related with investment development funded by MTN that has owned or will be owned by GSD</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>,&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> have been pledged as collateral for MTN (</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>N</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ote</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> 6, 7 and 11).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>According to the agreement, GSD is required to comply with all covenants or restrictions including maintaining financial ratios as follows :</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 53.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>1.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Debt to equity ratio should not </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>exceed&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> 6</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>5:1&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 53.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>EBITDA to interest ratio should </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>not be less than</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> 1</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2:1&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 53.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>3.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Minimum current ratio is 120%</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 53.8pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>4.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Maximum leverage ratio is 450%</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif>On December 31, 2014, GSD has complied with the above mentioned ratios.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>64</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

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<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">20.&#160; BONDS AND NOTES (continued)</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">c</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;font-weight:normal;line-height:normal;">.&#160;&#160; Promissory
Notes</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:96.14%;">
 <tr>
  <td valign=bottom width=28% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Supplier</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Currency</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Principal</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(in billions)</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Issuance date</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Payment schedule</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Interest</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> p</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">ayment period</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Interest</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> r</font></b><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">ate per annum</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=28% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">PT Huawei</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">0.3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">June 19, 2009</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Semi-annually</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Semi-annually</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">6 month LIBOR+2.45%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">0.2</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">April 30, 2013</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(January
  11,2015-July 30, 2016)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">6 month LIBOR+1.5%</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=28% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">ZTE</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">0.1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">August 20, 2009<sup>
  a</sup></font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Semi-annually</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(February 4,
  2015-February 4, 2017)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Semi-annually</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">6 month LIBOR+1.5%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:45.35pt;text-align:justify;text-indent:-9.35pt;"><sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">a</font></sup><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">based on </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">the latest
amendment </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">on
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">August
15, 2011</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Based on Agreement of Frame Supply and
Deferred Payment Arrangement between the Company and ZTE and PT Huawei, the
promissory notes issued by the Company to each of ZTE and PT Huawei are vendor
financing facilities with no collateral covering 85% of Hand-over Report (&#8220;</font><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Berita
Acara Serah Terima</font></i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#8221;) projects with ZTE and PT Huawei.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif 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=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">21.&#160; BANK LOANS</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:98.06%;">
 <tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=25% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=25% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Outstanding</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Outstanding</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=37% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Lenders</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Currency</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Original currency</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(in millions)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Rupiah equivalent</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Original currency</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(in millions)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Rupiah equivalent</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">BRI</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">3,398</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">3,035</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">US$</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Syndication of banks</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2,200</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2,426</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">BNI</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">2,195</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">1,305</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Bank Mandiri</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1,750</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">722</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">The Bank of Tokyo-Mitsubishi-UFJ, Ltd.</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">600</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Bank
  CIMB Niaga</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">567</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:10.0pt;">365</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">ABN
  Amro Bank N.V. Stockholm (&#8220;AAB Stockholm&#8221;) and SCB</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">US$</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">38</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">478</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">55</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">673</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Japan
  Bank for International Cooperation (&#8220;JBIC&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">US$</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">34</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">424</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">18</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">219</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">BCA</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">373</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">858</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Others</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">10</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">32</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">US$</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">12</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Total</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">12,001</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">9,647</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Unamortized debt issuance cost</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(71</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(56</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">11,930</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">9,591</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Current maturities (Note 18a)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">(4,052</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(3,956</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Long-term portion</font></b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;"> (Note 18b)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">7,878</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">5,635</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:18.45pt;text-align:justify;text-indent:-.4pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:18.45pt;text-align:justify;text-indent:-.4pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Refer to Note 37 for
details of related party transactions. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These
consolidated financial statements are originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">21.&#160; BANK LOANS (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:18.45pt;text-align:justify;text-indent:-.4pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Other significant information relating
to bank loans as of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December
31, 2014</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> is as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:21.7pt;text-align:justify;text-indent:-.4pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:98.06%;">
 <tr>
  <td valign=top width=20% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Borrower</font></b></p>
  </td>
 <td valign=top width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Currency</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Total facility</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(in billions)</font></b></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Current period payment</font></b></p>
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">(in billions)</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Payment schedule</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Interest payment period</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Interest rate per annum</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Security</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">BRI</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=20% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">October
  13, 2010<sup>a</sup></font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The
  Company</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">3,000</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">1,000</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Semi-annually</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(2013-2015)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">3
  months</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">
  JIBOR+1.25%</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">None</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">July
  20, 2011<sup>a</sup></font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Dayamitra</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">1,000</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">1</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">80&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Semi-annually</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(2011-2017)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">3
  months JIBOR+1.40%</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">3
  months
  JIBOR+3.50%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Property
  and</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">
  e</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">quipment&nbsp;</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">(Note
  11)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=20% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">April
  26, 2013</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">GSD</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">141</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">28</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Monthly</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(2014-2018)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">0</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">00</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Property
  and equipment(Note 11) and lease agreement</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">October
  30, 2013</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">GSD</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">70</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">0.6</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Monthly</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(2014-2021)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">0.00</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Property
  and equipment</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(Note
  11) and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">t</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">rade receivables,</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(Note
  6)</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">and lease agreement</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=20% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">October
  30, 2013</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">GSD</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">34</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">0.6</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Monthly</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(2014-2021)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">0.00</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Property
  and equipment</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(Note
  11) and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">t</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">rade receivables,</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(Note
  6) and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">l</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">ease agreement</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">November 20, 2013</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">The
  Company</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">1,500</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Semi-annually</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(2015-201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">8</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">)&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">3
  months</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">
  JIBOR+2.65%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">None</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=20% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">October 1</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">, 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">4&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Patrakom</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">28</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">2</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Monthly</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">4</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">-201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">6</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">)&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">0</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">95</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Property
  and equipment</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(Note
  11) and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">t</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">rade receivables</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(Note
  6)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">October 1</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">, 201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">4&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Patrakom</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">US$</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">0.0007</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">0.00008</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Monthly</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">4</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">-201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">5</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">)&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">6.00</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Property
  and equipment</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(Note
  11) and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">t</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">rade receivables</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(Note
  6)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=20% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Syndication
  of banks</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">June
  16, 2009
  (BNI
  and BRI)</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The
  Company</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">2,700</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">675</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Semi-annually</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(2011-2014)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">3
  months JIBOR+2.45%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">None</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=20% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">December
  19, 2012
  (BNI,
  BRI and Bank Mandiri)<sup> </sup></font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">a</font></sup></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Dayamitra</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">2,500</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">300</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Sem</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">i-</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">annually&nbsp;</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(2014-2020)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">3
  months JIBOR+3.00%</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Property
  and equipment</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(Note
  11) and</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">trade
  receivables</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">(Note
  6)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p align=right style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:22.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-22.5pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>





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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">66</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font></p>





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<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader74"></a><DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>21.&nbsp; BANK LOANS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Other significant information relating to bank loans as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> is as follows (continued):</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in"><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Borrower</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Currency</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Total facility</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(in billions)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Current</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif> p</FONT></B><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>eriod payment</FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>(in billions)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Payment schedule</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Interest payment period</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Interest rate per annum</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Security</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>BNI</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>October 13, 2010<SUP>a</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>The Company</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>1,000</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>286</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Semi-annually</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2013-2015)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Quarterly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>3 months JIBOR+1.25%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>None</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>December 23, 2011<SUP> a</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>PIN</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>S&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>500</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>86</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Semi-annually</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2013-2016)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Quarterly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>3 months JIBOR+1.50%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Inventories (Note 7) and trade receivables(Note 6)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>November 28, 2012<SUP>a</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Metra</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>44</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>8.8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Annually</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2013-2015)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Monthly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>11.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Property and equipment</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(Note 11) and</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>rade receivables(Note 6)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>March 13, 2013<SUP>a</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Sigma</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>300</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>117</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Monthly</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2013-2015)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Monthly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif> month JIBOR+3.35%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Property and equ</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>i</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>pment&nbsp;</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(Note 11) and</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>rade receivables(Note 6)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>March 26, 2013<SUP>a</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Metra</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>60</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>20</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Quarterly</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2013-2016)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Monthly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>11.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Property and equ</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>i</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>pment&nbsp;</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(Note 11) and</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>rade receivables(Note 6)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>May 2, 2013<SUP>a</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Sigma</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>313</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>236</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Monthly</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2015-2021)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Monthly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>1 month JIBOR+3.35%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Property and equ</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>i</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>pment&nbsp;</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(Note 11) and</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>rade receivables(Note 6)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>November</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif> 20, 2013</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>The Company</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>1,500</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Semi-annually</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2015-201</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>8</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Quarterly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>3 months JIBOR+2.65%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>None</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>November 25, 2013<SUP>a</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Metra</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>90</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>30</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Quarterly</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2013-2016)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Monthly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>.00%&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Property and equ</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>i</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>pment&nbsp;</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(Note 11) and</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>rade receivables(Note 6)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>January</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif> 10, 2014<SUP>a</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Sigma</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>322</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>74</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Monthly</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2016-2022)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Monthly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif> month JIBOR+3.35%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Property and equ</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>i</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>pment&nbsp;</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(Note 11) and</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>rade receivables(Note 6)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>July 21, 2014</FONT><SUP><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif> a</FONT></SUP></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Metra</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>40</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Semi-annually</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>(2015-2017)</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Monthly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>11.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Property and equipment</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(Note 11) and</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>trade receivables(Note 6)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>November 3</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>, 201</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>4<SUP>a</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Telkom Infratel</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>100</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: -22.5pt; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Quarterly</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(201</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>5</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-201</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>7</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>)&nbsp;</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Monthly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>1 month JIBOR+3.35%</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Trade receivables</FONT></P>

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>(Note 6)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>21.&nbsp; BANK LOANS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 5pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Other significant information relating to bank loans as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> is as follows (continued):</FONT></P>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Borrower</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Currency</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Total facility</FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(in billions)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Current period payment</FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(in billions)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Payment schedule</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Interest payment period</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Interest rate per annum</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Security</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Bank Mandiri</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>July 9, 2009<SUP>b </SUP>and July 5, 2010<SUP>b</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Telkomsel</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>5,000</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>472</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Semi-annually</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2009-2016)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Quarterly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>3 months JIBOR+1.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>None</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>November 20, 2013</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>The Company</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>1,500</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Semi-annually</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2015-2018)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Quarterly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>3 months JIBOR+2.65%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>None</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>AAB Stockholm and SCB</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>December 30, 2009<SUP>b&amp;c</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Telkomsel</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>US$</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>0.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>0.02</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Semi-annually</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2011-2016)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Semi-annually</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>6 months LIBOR+0.82%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>None</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>BCA</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>July 9, 2009<SUP>b</SUP> and July 5, 2010<SUP>b</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Telkomsel</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>4,000</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>445</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Semi-annually</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2009-2016)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Quarterly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>3 months JIBOR+1.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>None</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>December 16, 2010<SUP>a</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>TII</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>200</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>40</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Semi-annually</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2011-2015)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Quarterly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>3 months JIBOR+1.25%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>None</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>JBIC</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>March 26, 2010<SUP>a&amp;d</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>The Company</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>US$</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>0.06</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>0.01</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Semi-annually</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2010-2015)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Semi-annually</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>4.56%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>None</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>March 28, 2013<SUP>a&amp;g</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>The Company</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>US$</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>0.03</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>0.003</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Semi-annually</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2014-2019)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Semi-annually</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>2.18% and 6 months LIBOR+1.20%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>None</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Bank CIMB Niaga</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>March 21, 2007<SUP>e</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>GSD</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>4.3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Quarterly</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2007-2015)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Monthly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>9.75%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Property and equipment</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(Note 11)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>July 28, 2009<SUP>f</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Balebat</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>0.6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Monthly</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2010-2015)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Monthly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>13.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Property and equipment</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(Note 11),</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Inventories (Note 7),</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>and trade receivables</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(Note 6)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>May 24, 2010<SUP>f</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Balebat</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>0.6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Monthly</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2010-2015)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Monthly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>13.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Property and equipment</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(Note 11),</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Inventories (Note 7),</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>and trade receivables</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(Note 6)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>March 31, 2011</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>GSD</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>24</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>2.7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Monthly</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2011-2020)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Monthly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>9.75%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Property and equipment</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(Note 11) and</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>l</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>ease agreement</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>March 31, 2011</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>GSD</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>1.7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Monthly</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2011-2019)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Monthly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>9.75%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Property and equipment</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(Note 11) and</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>l</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>ease agreement</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>March 31, 2011</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>GSD</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>12</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>1.8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Monthly</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2011-2016)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Monthly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>9.75%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Property and equipment</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(Note 11) and</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>l</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>ease agreement</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>September 9, 2011</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>GSD</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Rp</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>41</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>3.9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Monthly</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(2011-2021)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Monthly</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>9.75%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Property and equipment</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>(Note 11) and</FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>l</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>ease </FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>agreement&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>68</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial
statements are originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">21.&#160; BANK LOANS (continued)</font></b></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Other significant information relating
to bank loans as of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December
31, 2014</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> is as follows
(continued):</font></p>

<p style="margin-bottom:0in;margin-left:22.5pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-22.5pt;"><font color=windowtext face=arial,sans-serif 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;margin-left:.25in;width:98.06%;">
 <tr style="height:1.0pt;">
  <td valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Borrower</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Currency</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Total
  facility (in billions)</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Current
  period payment </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">(in billions)</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Payment
  schedule</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Interest
  payment period</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Interest
  rate per annum</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Security</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Bank
  CIMB Niaga (continued)</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">September
  9, 2011</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">GSD</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">11</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">3.2</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(2011-2015)</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">9.75%</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Property
  and equipmen</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">t&nbsp;</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> (Note 11) and lease
  agreement </font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">August
  2, 2012</font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">f</font></sup></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Balebat</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">4</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">1</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(2012-2015)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">3.00</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Property
  and equipment (Note 11),
  inventories (Note 7), and trade receivables (Note 6)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">September
  20, 2012<sup>a</sup></font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">TLT</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">1,150</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(2015-2030)</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">3
  Month</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">s&nbsp;</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">JIBOR</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">+3.45%</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Property
  and equipment (Note 11)</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">September
  20, 2012<sup>a</sup></font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">TLT</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">118</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(2015-2030)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">9</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">.00%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Property
  and equipment (Note 11)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">October
  10, 2012</font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">f</font></sup></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Balebat</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">1</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">0.</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">4&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(2012-2015)</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">3</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">.00%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Property
  and equipment (Note 11),
  inventories (Note 7), and trade receivables (Note 6)</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">August
  26, 2013</font><sup><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">
  f</font></sup></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Balebat</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">3.5</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">0</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">.7&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(2013-2018)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Monthly</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">3</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">.00%&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Property
  and equipment (Note 11),
  inventories (Note 7), and trade receivables (Note 6)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">The Bank of Tokyo &#8211; Mitsubishi
  UFJ, Ltd.</font></p>
  </td>
 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
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  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
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 <td valign=top width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
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 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
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 <td valign=bottom width=9% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
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 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
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 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=20% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">October
  9, 2014</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Dayamitra</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Rp</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">600</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Quarterly</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">(201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">6</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">-201</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">9</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">)&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">Quarterly</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">3
  months</font></p>
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">JIBOR+2.4%</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;">Property
  and equipmen</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">t&nbsp;</font><font color=windowtext face=arial,sans-serif style="font-size:7.0pt;"> (Note 11) and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">trade receivables (Note 6)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0in 22.5pt"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>21.&nbsp; BANK LOANS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The credit facilities obtained by the Group are used for working capital purposes.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0in 22.5pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.4in"><SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>a&nbsp;&nbsp;&nbsp;</FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>As stated in the agreements, the Group</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif> is</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif> required to comply with all covenants or restrictions such as dividend distribution, obtaining new loans, including maintaining financial ratios. As of </FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>, the Group </FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>has&nbsp;</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif> complied with all covenants as restrictions.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.4in"><SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>b</FONT></SUP><SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>&nbsp;&nbsp;&nbsp;</FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>Telkomsel has no collateral for its bank loans, or other credit facilities. The terms of the various agreements with Telkomsel&#8217;s lenders and financiers require compliance with a number of pledges and negative pledges as well as financial and other covenants, which include, among other things, certain restrictions on the amount of dividends and other profit distributions which could adversely affect Telkomsel&#8217;s capacity to comply with its obligation under the facility. The terms of the relevant agreements also contain default and cross default clauses. As of </FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>, Telkomsel has complied with the above covenants.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.4in"><SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>c</FONT></SUP><SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;&nbsp;&nbsp;</FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>Pursuant to the agreements with PT Ericsson Indonesia (&#8220;Ericsson Indonesia&#8221;) and Ericsson AB (Note 41a.ii), Telkomsel entered into an EKN-Backed Facility Agreement (&#8220;facility&#8221;) with ABN Amro Bank N.V. Stockholm branch (as &#8220;the original lender&#8221;) and Standard Chartered Bank (as &#8220;the original lender&#8221; , &#8220;the arranger&#8221;, &#8220;the facility agent&#8221; and &#8220;the EKN agent&#8221;), and ABN Amro Bank N.V., Hong Kong (as &#8220;the arranger&#8221;) for the purchase of Ericsson telecommunication equipment and services. The facilities consist of facility 1, 2</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>,&nbsp;</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif> and 3 amounting to US$117 million, US$106 million, and US$95 million, respectively. The availability period of facility 1, 2</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>,&nbsp;</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif> and 3 expired in July 2010, March 2011 and November 2011, respectively. In October 2011, EKN agreed to reduce the premium on the unused facility by US$3 million through a cash refund. </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.4in"><SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>d</FONT></SUP><SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;&nbsp;&nbsp;</FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>In connection with the agreement with NSW-Fujitsu Consortium, the Company entered into a loan agreement with JBIC, the international arm of Japan Finance Corporation, for the purchase of NSW-Fujitsu Consortium telecommunication equipment and services. The facilities consist of facility&nbsp;A and&nbsp;B amounting to US$36 million and US$24 million, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.4in"><SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>e</FONT></SUP><SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;&nbsp;&nbsp;</FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>Based on the latest amendment on March 31,&nbsp;2011</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.4in"><SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>f</FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;&nbsp;&nbsp; Based on the latest amendment on September 22, 2014</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.4in"><SUP><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>g</FONT></SUP><SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;&nbsp;&nbsp; </FONT></SUP><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif>In connection with the agreement with NEC Corporation Consortium and TE SubCom, the Company entered into a loan agreement with JBIC, for the procurement of goods and services from NEC Corporation Consortium and TE SubCom for the Southeast Asia Japan Cable System project. The facilities consist of facility&nbsp;A and facility&nbsp;B amounting to US$18.8 million and US$12.5 million, respectively</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.4in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>22.&nbsp; NON-CONTROLLING INTERESTS</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Non-controlling interests in net assets of subsidiaries:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 17pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Telkomsel</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>18,063</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>16,735</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif>GSD</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>125</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif>58</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif>Metra</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>88</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif>87</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>TII</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>42</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif>Patrakom</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif>2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>18,318</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif>16,882</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif>Non-controlling interests in total comprehensive </FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>income (loss) of subsidiaries:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 17pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IT color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Telkomsel</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>6,790</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>6,071</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Metra</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>22</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>20</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>TII</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Patrakom</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>GSD</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>6,808</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>6,085</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>70</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">23.&#160; CAPITAL STOCK</font></b></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif 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;margin-left:.25in;width:98.06%;">
 <tr>
  <td valign=bottom width=49% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Description</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Number of shares</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Percentage of ownership</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Total paid-up capital</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Series A Dwiwarna share</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Government</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Series B shares</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Government</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">51,602,353,559</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">52.56</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">2,580</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">The Bank of New York Mellon Corporation*</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">9,472,920,180</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">9.65</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">474</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:9.0pt;">Directors (Note 1b):</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:9.0pt;">Indra Utoyo</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">27,540</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Honesti Basyir</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">540</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">Dian Rachmawan</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">60,540</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Public (individually less than 5%)</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">37,100,491,240</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">37.79</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">1,855</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">98,175,853,600</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">100.00</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">4,909</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Treasury stock (Note 25)</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">2,624,142,800</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">131</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=49% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">100,799,996,400</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:9.0pt;">100.00</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">5,040</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:32.85pt;text-align:justify;text-indent:-14.85pt;"><font color=windowtext face=arial,sans-serif 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;margin-left:.25in;width:98.06%;">
 <tr style="height:1.0pt;">
  <td valign=bottom width=49% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=49% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Description</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Number of shares</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Percentage of ownership</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Total paid-up capital</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=49% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Series A Dwiwarna share</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=49% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Government</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=49% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Series B shares</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=49% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Government</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">51,602,353,559</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">53.14</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">2,580</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=49% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">The Bank of New York Mellon Corporation*</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">10,031,129,780</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">10.33</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">502</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=49% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:9.0pt;">Directors (Note 1b):</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=49% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:9.0pt;">Indra Utoyo</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:9.0pt;">27,540</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=FR style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=49% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Honesti Basyir</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">540</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=49% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Priyantono Rudito</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">540</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=49% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Sukardi Silalahi</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">540</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=49% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Public (individually less than 5%)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">35,467,341,100</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">36.53</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">1,773</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=49% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">97,100,853,600</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">100.00</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">4,855</font></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=49% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Treasury stock (Note 25)</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">3,699,142,800</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">185</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=bottom width=49% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">100,799,996,400</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">100.00</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;">5,040</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:9.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;text-decoration:none;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:32.85pt;text-align:justify;text-indent:-14.85pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">* The
Bank of New York Mellon Corporation serves as the Depositary of registered ADS
holders for the Company&#8217;s ADSs.</font></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Company issued only 1 Series A
Dwiwarna share which is held by the Government and cannot be transferred to any
party, and has a veto in the General Meeting of Stockholders of the Company with respect to
election and removal from the Boards of Commissioners and Directors, issuance
of new shares, and amendments of the Company&#8217;s Articles of Association.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are originally
issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">24.&#160; ADDITIONAL PAID-IN CAPITAL</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:98.06%;">
 <tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:center;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Proceeds from sale of 933,333,000 shares in excess of par
  value through IPO in 1995</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,446</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">1,446</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Excess of value over cost of selling 21</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">5</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">000</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">,</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">00</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">0 shares under the treasury stock
  plan phase I</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">I&nbsp;</font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;"> (Note 25)</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">576</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Excess of value over cost of selling 211,290,500 shares
  under the treasury stock plan phase I (Note 25)</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">544</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">544</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Difference in value arising from restructuring
  transactions and other transactions between entities under common control
  (Note 2d)</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">478</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">478</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Excess of value over cost of treasury stock transferred
  to employee stock ownership program (Note 25)</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">228</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">228</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Capitalization into 746,666,640 Series B shares in 1999</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">(373</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(373</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=61% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Net</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2,899</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2,323</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Difference
in value arising from restructuring transactions and other transactions of
entities under common control amounting Rp478 billion arose from the early
termination of the Company&#8217;s exclusive rights to provide local and inter-local
fixed line telecommunication services, for which the Company is required by the
Government to use the funds received from this compensation for the development
of telecommunication infrastructure. As of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and 2013, the accumulated development
of the related infrastructure amounted to</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> Rp537 billion</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">25.&#160; TREASURY STOCK </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.25in;width:98.06%;">
 <tr>
  <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=35% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=32% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Maximum Purchase</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Phase</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Basis</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Period</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Number of Shares</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Amount</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=14% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">I</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">EGM</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=35% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">December 21, 2005 - June 20, 2007</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">1,007,999,964</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Rp5,250</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">II</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">AGM</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=35% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">June 29, 2007 - December, 28, 2008</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">215,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Rp2,000</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=14% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">III</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">AGM</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=35% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">June 20, 2008 - December 20, 2009</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">339,443,313</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Rp3,000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">BAPEPAM - LK</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=35% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">October 13, 2008 - January 12, 2009</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">4,031,999,856</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Rp3,000</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=14% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">IV</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">AGM</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=35% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">May 19, 2011 - November&nbsp;20, 2012</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">645,161,290</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Rp5,000</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;">Movements
in treasury stock as a result of the repurchase of shares are as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif 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;margin-left:.25in;width:98.06%;">
 <tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=34% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Number of shares</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">*&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Rp</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Number of shares</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">*&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Rp</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Beginning balance</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">3,699,142,800</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">3.67</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">5,805</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">5,054,652,300</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">5.01</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">8,067</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Transfer to employees stock ownership program</font></p>
  </td>
 <td valign=bottom width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(299,057,000</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(0.29</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(433</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Proceed</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">s&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> from</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">
  sale of treasury stock</font></p>
  </td>
 <td valign=bottom width=11% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(1,075,000,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(1.07</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">(1,969</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(1,056,452,500</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=10% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(1.05</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">(1,829</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=30% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Ending balance</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2,624,142,800</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">2.60</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">3,836</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">3,699,142,800</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">3.67</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">5,805</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">* After stock split (Note 1c)</font></p>





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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">72</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">25.&#160; TREASURY STOCK (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Pursuant to the AGM of
Stockholders of the Company held on June&nbsp;11, 2010, the stockholders
approved the change in the Company&#8217;s plan for treasury stock phase I, II, and
III to become (i) for reissuance inside or outside stock exchange, (ii) for
retirement of the stock by deducting from equity, (iii) for equity stock
conversion and (iv) for funding purposes.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">In
the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">AGM&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> on April 19, 2013, the Company's
stockholders approved the change to the plan for the treasury stock phase III,
which was decided to be used for the implementation of the Employee Stock
Ownership Program (&#8220;ESOP&#8221;) for the year 2013.</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">On
May 31, 2013, the Company offered to all its eligible employees and those of
its subsidiaries (collectively referred to as the &#8220;participants&#8221;), the right to
purchase a fixed number of its shares at a certain price. The shares have
become an entitlement of the employees on the transaction dates and are no
longer conditional on the satisfaction of any vesting conditions. Shares which
are held by employees through the ESOP have a lock-up period that varies from 0
up to 12 months, depending on the position of the employee.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In the lock-up period,
participants may not transfer shares or have shares transactions either through
or outside the stock exchange. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Price per share offered was
Rp10,714 and each participant received allowance (discount) of Rp5,575 per
share. At the closing of this program, the Company had transferred a part of
the treasury stock phase III to employees totaling 59,811,400 shares
(equivalent to 299,057,000 shares after the stock split) with fair value
amounting to Rp661 billion. The excess amounting to Rp228 billion in value of
treasury stock transferred over their acquisition cost was recorded as
additional paid-in capital (Note 24). </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The difference between the fair
value of treasury stock and amount paid by the participants amounting to Rp353
billion is recorded in the consolidated statement of comprehensive income (Note
27). </font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On July 30, 2013, the Company
resold 211,290,500 shares (equal to 1,056,452,500 shares after stock split) of
treasury stock phase I with fair value amounting to Rp2,409&nbsp;billion. The
excess amounting to Rp544 billion in value of the treasury stock sold over
their acquisition cost was recorded as additional paid-in capital (net of
related cost to sell the shares) (Note&nbsp;24).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">June 13</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">,
</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">2014</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the Company resold </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">215,000,000&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">
shares (equal to </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,075,000,000&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> shares after stock split) of
treasury stock phase </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">II&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> with fair value amounting to Rp</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">2,541</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;billion (net of </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">related&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> cost to
sell the shares). The excess amounting to Rp</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">576&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion in
value of the treasury stock sold over their acquisition cost was recorded as
additional paid-in capital (Note&nbsp;24).</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">73</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font></p>





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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>26.&nbsp; REVENUES</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Telephone Revenues</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif>Cellular</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif>Usage charges</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>32,972</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>30,722</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Features</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>751</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>686</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Monthly subscription charges</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>567</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>730</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>34,290</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif>32,138</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

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<TR style="HEIGHT: 1pt">

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Fixed lines</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Usage charges</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>5,347</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>6,453</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Monthly subscription charges</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,697</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,682</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Call center</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>736</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>324</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Installation </FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>charges&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>31</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>12</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Others</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>70</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>230</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>8,881</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>9,701</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total Telephone Revenues</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>43,171</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>41,839</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Interconnection Revenues</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Domestic interconnection</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,908</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,971</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>International interconnection</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,800</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,872</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total Interconnection Revenues</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>4,708</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>4,843</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Data, Internet, and Information Technology Service Revenues</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Internet, data communication and information technology services</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>23,550</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>19,267</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Short Messaging Services (&#8220;SMS&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>14,034</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>13,134</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>E-business</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>103</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>83</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Voice over Internet Protocol (&#8220;VoIP&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>25</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>119</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total Data, Internet, and Information Technology Service Revenues</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>37,712</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>32,603</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Network Revenues</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Satellite transponder lease</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>670</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>392</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Leased lines</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>610</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>861</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total Network Revenues</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,280</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>1</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>,</FONT></B><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>253</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Other Telecommunications Service Revenues</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Customer Premise Equipment (&#8220;CPE&#8221;) and terminal</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,033</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>303</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Leases</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>777</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>661</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Directory assistance</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>263</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>308</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>USO compensation</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>181</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>508</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>E-health</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>165</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>125</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Pay TV</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>96</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>274</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>E-</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>p</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>ayment&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>74</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>53</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Others</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>236</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>197</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total Other Telecommunications Service Revenues</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,825</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2,429</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="60%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>89,696</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>82,967</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>74</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>26.&nbsp; REVENUES (continued)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>The details of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>net </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>revenues received by </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>he Group from agency relationships </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>for the years ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>December 31, 2014 and 201</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>3 are as </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>follow</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>s</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>:&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Gross revenues</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>23,920</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>19,557</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Compensation to value added service providers</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(370</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(290</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Net revenues</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>23,550</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>19,267</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Refer to Note 37 for details of related party transactions. </FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>27.&nbsp; PERSONNEL EXPENSES</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Salaries and related benefits</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3,759</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3,553</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Vacation pay, incentives and other benefits</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3,182</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3,252</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Employees&#8217; income tax</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,317</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,160</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Net periodic pension costs (Note 34)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>64</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=Arial,sans-serif>5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>873</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Housing</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>224</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>220</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>LSA expenses (Note 35)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>115</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>19</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Other employee benefit</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>108</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>71</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Insurance</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>98</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>92</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Net periodic post-retirement health care benefit costs (Note 36)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>74</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>374</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Other post-retirement benefit costs (Note 34)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>61</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>66</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Others</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=Arial,sans-serif>3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>53</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>9,616</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>9,733</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>Refer to Note 37 for details of related party transactions.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt 0in"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>8</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>.&nbsp; OPERATIONS, MAINTENANCE AND TELECOMMUNICATION SERVICE EXPENSES</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt 0in"><B><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Operations and maintenance</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>12,583</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>10,667</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Radio frequency usage charges (Notes 41c.i and 41c.ii)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3,207</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3,098</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Concession fees and Universal Service Obligation charges</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,818</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,595</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Electricity, gas and water</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,180</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,063</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Cost of phone, set top box, SIM and RUIM cards</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,031</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>752</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Leased lines and CPE</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>758</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>440</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Vehicles rental and supporting facilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>581</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>439</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Cost of IT services</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=Arial,sans-serif>57</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>677</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Insurance</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>335</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>374</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Project management</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>180</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>138</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Others</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> (each below Rp75 billion)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>258</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>89</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>22,288</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>19,332</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Refer to Note 37 for details of related party transactions. </FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>75</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

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<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>29.&nbsp; GENERAL AND ADMINISTRATIVE EXPENSES</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>General</FONT><U><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif> </FONT></U><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>expenses&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>967</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>675</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Provision for impairment of receivables </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(Note 6d)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>784</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,589</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Training, education and recruitment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>528</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>412</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Collection expenses</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>369</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>340</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Travelling</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>355</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>341</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Professional fees</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>26</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=Arial,sans-serif>6</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>272</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Meetings</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>162</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>138</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Security and screening</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>104</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>93</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Social contribution</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>96</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>85</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Others (each below Rp75 billion)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>332</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>210</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3,963</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>4,155</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Refer to Note 37 for details of related party transactions. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>30.&nbsp; INTERCONNECTION EXPENSES</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Domestic interconnection and access</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3,6</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=Arial,sans-serif>3</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3,720</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>International interconnection</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,254</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,207</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>4,8</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=Arial,sans-serif>9</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>4,927</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Refer to Note 37 for details of related party transactions.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>31.&nbsp; TAXATION</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>a.&nbsp;&nbsp; Claims for tax refund</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>The Company</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Value added tax (&#8220;VAT&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>298</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>142</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Corporate income tax</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>60</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Subsidiaries</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Corporate income tax</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>363</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>38</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Value tax added (&#8220;VAT&#8221;)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>305</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>306</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Import duties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Income tax</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Article 23 - Withholding tax on service delivery</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total claims for tax refund</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,036</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>509</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Short-term portion</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(291</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Long-term portion</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>745</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>499</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>76</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">31.&#160; TAXATION</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">b.&#160;&#160; Prepaid taxes</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif 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;margin-left:.5in;width:96.14%;">
 <tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Subsidiaries</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Corporate
  income tax</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">28</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">58</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">VAT</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">835</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">445</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Income
  tax</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Article
  23 - Withholding tax on service delivery</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">27</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">22</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">890</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">525</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">c.&#160;&#160; Taxes payable</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif 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;margin-left:.5in;width:96.14%;">
 <tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">The Company</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Income
  taxes</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Article 4 (2) - Final tax</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">27</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">11</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Article
  21 - Individual income tax</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=ES style="font-size:10.0pt;">25</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">34</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.45in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Article 22 - Withholding tax on goods delivery and
  imports</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">5</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Article
  23 - Withholding tax on service delivery</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=ES style="font-size:10.0pt;">10</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">12</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Article
  25 - Installment of corporate income tax</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">61</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">53</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Article
  26 - Withholding tax on non-resident income</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=ES style="font-size:10.0pt;">2</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Article
  29 - Corporate income tax</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=SV style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">165</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">VAT</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">VAT</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">197</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">194</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">VAT </font><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">- Tax collector</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">257</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">247</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">581</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">722</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Subsidiaries</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Income
  taxes</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">81</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">48</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Article
  4 (2) - Final tax</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Article
  21 - Individual income tax</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">97</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">82</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Article
  23 - Withholding tax on service delivery</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">72</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">34</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Article
  25 - Installment of corporate income tax</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">483</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">440</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Article
  26 - Withholding tax on non-resident income</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">28</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">16</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.3in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Article
  29 - Corporate income tax</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">957</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">284</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">VAT</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">77</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">72</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,795</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">976</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2,376</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">1,698</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>





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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

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<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>31.&nbsp; TAXATION (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>d.&nbsp;&nbsp; The components of income tax expense (benefit) are as follows:</FONT></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=Arial,sans-serif>2014</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=Arial,sans-serif>2013</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Current</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>The Company</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>822</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>909</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Subsidiaries</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>6,794</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>6,086</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>7,616</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>6,995</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Deferred</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>The Company</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(178</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(149</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Subsidiaries</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(100</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>13</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(278</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(136</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>7,338</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>6,859</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>The reconciliation between the income tax expense calculated by applying the applicable tax rate of 20% to the profit before income tax less income subject to final tax, and the net income tax expense as shown in the consolidated statement of comprehensive income is as follows:</FONT></P>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Profit before income tax</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>28,784</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>27,149</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Less income subject to final tax</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(2,334</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(1,780</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>26,450</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>25,369</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Tax calculated at the Company&#8217;s applicable statutory tax rate of 20%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>5,290</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>5,074</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Difference in applicable statutory tax rate for subsidiaries</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,237</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,213</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Non-deductible expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>463</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>460</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Final income tax expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>168</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>93</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Deffered tax assets</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif> that cannot be utilized - net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>94</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>26</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Others</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>86</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Net income tax expense</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>7,338</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>6,859</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 3pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>78</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>31.&nbsp; TAXATION (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>d.&nbsp;&nbsp; The components of income tax expense (benefit) are as follows: (continued)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The reconciliation between the profit before income tax and the estimated taxable income of the Company for the year ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013 is as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 96.14%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Profit before income tax</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>28,784</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>27,149</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Add back consolidation eliminations</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>13,110</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>11,992</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Consolidated profit before income tax and eliminations</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>41,894</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>39,141</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Less</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>:&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif> profit before income tax of the subsidiaries</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(26,324</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>(24,143</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Profit before income tax attributable to the Company</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>15,570</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>14,998</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Less</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>:&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif> income subject to final tax</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(622</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>(433</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>14,948</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>14,565</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Temporary differences:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Provision for impairment of assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>805</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>596</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Provision for impairment and trade receivables written-off</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>574</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>854</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Net periodic pension and other post-retirement benefits costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>390</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>414</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Provision for incentives to subcibers&#8217; migration</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>209</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Finance lease</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>64</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>366</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Deferred installation fee</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>83</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Valuation of fair value of Put Option and long-term investment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 11pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(352</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Payment of provision for early retirement program</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(699</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Depreciation and gain on sale of property and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(574</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(403</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Provision for personnel expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(342</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Other provisions</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>19</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>33</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Net temporary differences</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>1,164</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>879</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Permanent differences:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Employee benefits</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>244</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>247</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Donations</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>209</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>193</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Net periodic post-retirement health care benefit costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>74</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>374</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Equity in net income of associates and subsidiaries</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(13,121</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(11,979</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Gain on sale of long term investment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(499</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Others</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>170</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>460</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Net permanent differences</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(12,424</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>(11,204</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Taxable income of the Company</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>3,688</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>4,240</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Current corporate income tax expense</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>738</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>848</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Final income tax expense</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>84</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>61</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total current income tax expense of the Company</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>822</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>909</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Current income tax expense of the subsidiaries</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>6,794</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>6</FONT><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>086</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total current income tax expense</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>7,616</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>6</FONT></B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>,</FONT><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>995</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>79</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>31.&nbsp; TAXATION (continued)</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>d.&nbsp;&nbsp; The components of income tax expense (benefit) are as follows: (continued)</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Tax Law No. 36/2008 which futher regulated in Government Regulation No. 77/2013 stipulates a reduction of 5% from the top rate applicable to qualifying listed companies, for those whose stocks are traded in the IDX which meet the prescribed criteria that the public owns 40% or more of the total fully paid and traded shares, and such shares are owned by at least 300 parties, with each party owning less than 5% of the total paid-up shares. These requirements must be met by a company for a period of 183 days in one tax year. The Company has met all of the required criteria; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>therefore, for</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> the</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> purpose of calculating income tax expense and liabilities for the financial reporting periods </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014 and 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Company has </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>reduced the</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> applicable tax rate by 5%</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company applied a tax rate of 20% for </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2014&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013. The subsidiaries applied a tax rate of 25% for the year ended December 31, 2014 and 2013.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>The Company will submit the above corporate income tax computation in its income tax return (&#8220;Surat Pemberitahuan Tahunan&#8221; or &#8220;Annual SPT&#8221;) for the fiscal year 2014 that will be reported to the tax office based on </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>prevailing regulations. The amount of corporate income tax for the year ended December 31, 2013 agreed with what was reported in the Annual SPT.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>e.&nbsp;&nbsp; Tax assessment</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 1.1pt 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(i)&nbsp;&nbsp; The Company</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>In November 2013, the </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>C</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ompany received </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ax </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ssesment&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> letters</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> (</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8220;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>SKPKBs</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8221;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman"> </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>No. 00056/207/07/093/13 to No.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>00065/207/07/093/13 dated November 15, 2013, for the underpayment of VAT for the </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>period&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> Januar</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>y - </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>September and November 2007</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> amounting to Rp142 billion</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>On January 20, 2014, the Company filed an objection to the Tax Authorities regarding the underpayment of VAT. The Company</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> has received </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> rejection </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>in response to</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> the objection through the decree of the Directorate General of Tax (&#8220;DGT&#8221;) No. 2498 to 2504 and 2541 to 2543/WPJ.19/2014 dated December 16 and 18, 2014. The Company </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>accepted the assessment on the underpayment</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> of VAT amounting to Rp22 billion (including penalty Rp10 billion). </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The accepted portion was</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> charged to </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>the 2014 </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>consolidated </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>statement of comprehensive income</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company plans to file an appeal for the rejection on the objection of underpayment of VAT interconnections</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of the date issuance of these consolidated financial statements, </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Company is still in the process of filing</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> the</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> appeal.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 56.7pt"><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>In November 2014, the Company received </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>tax assessment letters</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> (</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8220;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>SKPKBs</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8221;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>) as </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>result of tax audit for fiscal year 2011 from the</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Tax Authorities</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>. Based on </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>the letters</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, the Company </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>u</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>nderpaid Value Added Tax on tax period January </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>until&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> December 2011 amount</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ing&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> to Rp182.5 billion (include penalty Rp60 billion) and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>u</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>nderpaid&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> corporate i</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ncome tax in 2011 amount</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ing&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> to Rp2.8 billion (include penalty Rp929 million). The Company has paid the underpayment tax. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The accepted portion on the underpayment VAT amounting to Rp4.7 billion (including penalty Rp2 billion) is charged to the 2014 consolidated statement of comprehensive income</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> and</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> the</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> portion of VAT Interconnection amount</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ing to</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> Rp178 billion (include penalty Rp58 billion)</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> is </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>recognized as claim for tax refund. The Company</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> has</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> submitted the </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>objection to the tax assessment result in regards to the underpayment of VAT relative to Interconnections transactions in 2011</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> to the Tax Authorities. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of the date issuance of these consolidated financial statements, the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>appeal&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> is still in process.</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=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>31.</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>TAXATION (continued)</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>e.&nbsp;&nbsp; Tax assessment (continued)</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(ii)&nbsp;&nbsp; Telkomsel</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>On April 21, 2010, the Tax Authorities filed a judicial review request to the Indonesian Supreme Court (&#8220;SC&#8221;) for the Tax Court&#8217;s acceptance of Telkomsel&#8217;s request to cancel the Tax Collection Letter (STP) for the underpayment of December 2008 Income Tax Article 25 amounting to Rp429 billion (including a penalty of Rp8 billion). In May 2010, Telkomsel fi</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>led&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a contra-appeal to the SC. As of the date of approval and authorization for issuance of these consolidated financial statements, the judicial review is still in process.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>On August 10, 2010, the Tax Authorities filed a judicial review request to the SC for the Tax Court&#8217;s acceptance of Telkomsel&#8217;s appeal on 2004 and 2005 assesment for VAT totaling Rp215 billion. In September 2010, Telkomsel filed a contra-appeal to the SC. </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Based on its verdict which was received in june 2014, the SC decided to reject the request from the tax authorities. The SC verdict is legally binding in favour of Telkomsel.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>In May and June 2012, Telkomsel received the refund of penalty of 2010 Income Tax Article 25 underpayment amounting to Rp15.7 billion based on the Tax Court&#8217;s verdict. On July 17, 2012, the Tax Authorities filed a judicial review request to the SC on the Tax Court&#8217;s verdict. On September 14, 2012, Telkomsel filed a contra-appeal to the SC. As of the date of approval and authorization for issuance of these consolidated financial statements, the judicial review is still in process. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>On March 12, 2012, Telkomsel received assessment letters as a result of a tax audit for the fiscal year 2010 by the Tax Authorities. Based on the letters, Telkomsel overpaid corporate income tax and underpaid VAT amounting to Rp597.4 billion and Rp302.7 billion (including penalty of Rp73.3 billion), respectively. Telkomsel accepted the assessment on the overpayment of corporate income tax and Rp12.1 billion of the underpayment of the VAT (including penalty of Rp6.3 billion). The accepted portion was charged to the 2012 consolidated statement of comprehensive income. On April 5, 2012, Telkomsel received a refund for the overpayment of corporate income tax for fiscal year 2010 amounting to Rp294.7&nbsp;billion, net of underpayment of VAT. On May 24, 2012, Telkomsel filed an objection to the Tax Authorities for the underpayment of VAT of Rp290.6 billion (including penalty of Rp67 billion) and recorded it as a claim for tax refund. On May 1, 2013, the Tax Authorities rejected Telkomsel&#8217;s objection. Subsequently, on July 29, 2013, Telkomsel filed an appeal to the Tax Court. As of the date of approval and authorization for the issuance of these consolidated financial statements, the appeal is still in process.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>In December 2013, the Tax Court accepted Telkomsel&#8217;s appeal on 2006 VAT and withholding taxes totaling Rp116 billion. </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>In February 2014, Telkomsel received the refund. </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=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

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<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>31.&nbsp; TAXATION (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>e.&nbsp;&nbsp; Tax assessment (continued)</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(ii)&nbsp;&nbsp; Telkomsel</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> &nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 56.7pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>On January 22, 2014, Telkomsel received a formal verdict from the Tax Court concerning the former&#8217;s claim for tax refund for import duties. Based on its verdict, Tax Court accepted the portion of Telkomsel&#8217;s claim. </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>In February 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>, Telkomsel submitted a request to refund the accepted portion of the claim amounting to Rp8.5 billion. On September 30, 2014, Telkomsel received a partial refund of the claim for import duties amounting to Rp587 million (including penalty Rp579 million). Subsequently, on October 2, 2014, Telkomsel received a refund for VAT and income tax article 22 amounting to Rp7.92 billion.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=arial,sans-serif>On November 7, 2014, Telkomsel received assessment letters as a result of a tax audit for the fiscal year 2011 by the Tax Authorities. Based on the letters, Telkomsel underpaid the corporate income tax, VAT and withholding tax amounting to Rp257.8 billion, Rp2.9 billion and Rp2.2 billion (including penalty of Rp85.3 billion), respectively. Telkomsel accepted the assessment of Rp7.8&nbsp;billion of the underpayment of corporate income tax, Rp1 billion of the underpayment of the VAT and Rp2.2 billion of the underpayment of the withholding tax (including penalty of Rp3.5 billion). The accepted portion was charged to the 2014 statement of comprehensive income.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=arial,sans-serif>In December 2014, Telkomsel paid the assessment and filed an objection </FONT><FONT style="BACKGROUND: white; FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=arial,sans-serif>to the Tax Authorities for the assessment for the underpayment of corporate income tax of Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=arial,sans-serif>250 billion (including penalty of Rp81.1 billion), which Telkomsel recorded as a claim for tax refund. Management plans to file in February 2015 an objection for the assessment on the underpayment of VAT. As of the date of approval and authorization for issuance of these financial statements, the objection on the corporate income tax assessment is still in process. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>f.&nbsp;&nbsp;&nbsp; Deferred tax assets and liabilities </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The details of the Group's deferred tax assets and liabilities are as follows:</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>December 31, 2013</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(Charged) credited to the</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=DE color=windowtext face=Arial,sans-serif> consolidated</FONT></B><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif> statements of comprehensive income</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>December</FONT></B><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif> 3</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>1</FONT></B><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>, 2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deferred tax assets:</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Provision for impairment of receivables</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>470</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Net periodic pension and other post-retirement benefits costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>213</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>78</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>291</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Accrued expenses and provision for inventory obsolescence</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>27</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>49</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>76</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Employee benefit provisions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>143</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(71</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>72</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deferred </FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>installation fee</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>70</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>72</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>Finance leases</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>22</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Total deferred tax assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>908</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>95</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>1,003</FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>31.&nbsp; TAXATION (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>f.&nbsp;&nbsp;&nbsp; Deferred tax assets and liabilities (continued)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

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<TABLE style="WIDTH: 96.14%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>December 31, 2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(Charged) credited to the consolidated statements of comprehensive income</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>December</FONT></B><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif> 3</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>1</FONT></B><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>, 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deferred tax liabilities:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Difference between accounting and tax bases of property and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(1,543</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>85</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(1,458</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Valuation of long-term investment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(70</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(69</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Land rights, intangible assets, and others</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(14</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Total deferred tax liabilities</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(1,624</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>83</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(1,541</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deferred tax liabilities of the Company - net</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(716</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>178</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(538</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Telkomsel</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deferred tax assets:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Provisions</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif> for e</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>mployee benefit</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>s&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>254</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>23</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>277</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Provision for impairment of receivables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>122</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>130</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Recognition of i</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>nterest under USO arrangements</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Total deferred tax assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>376</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>31</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>407</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deferred tax liabilities:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Difference between accounting and tax bases of property and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(2,268</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>224</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(2,044</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Finance leases</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(121</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(133</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(254</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Intangible assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(62</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(61</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Total deferred tax liabilities</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=DE color=windowtext face=Arial,sans-serif>(2,451</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=DE color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>92</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(2,359</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deferred tax liabilities of Telkomsel - net</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(2,075</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>123</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(1,952</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deferred tax liabilities of other subsidiaries - net</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(213</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(40</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(253</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deferred tax liabilities - net</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(3,004</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>261</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>(2,743</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deferred tax assets - net</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>82</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>17</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>99</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 96.14%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>December 31, 2012</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(Charged) credited to the consolidated statements of comprehensive income</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Acquisition/divestment of subsidiaries</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>December 31, 2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>The Company</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 4pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 4pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 4pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 4pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 4pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 4pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 4pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 4pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 4pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deferred tax assets:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Provision for impairment of receivables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=DE color=windowtext face=Arial,sans-serif>276</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>170</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>446</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Net periodic pension and other post-retirement benefits costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>129</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>84</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>213</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Employee benefit provisions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>173</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(30</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>143</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deferred </FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>installation&nbsp;</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif> fee</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>54</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>16</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>70</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Accrued expenses and provision for inventory obsolescence</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>22</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>27</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Provision for early retirement expense</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>140</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(140</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Finance leases</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(64</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>73</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Total deferred tax assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>730</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=DE color=windowtext face=Arial,sans-serif>178</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=DE color=windowtext face=Arial,sans-serif>908</FONT></P></TD>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>83</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>31.&nbsp; TAXATION (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>f.&nbsp;&nbsp;&nbsp; Deferred tax assets and liabilities (continued)</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>December 31, 2012</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(Charged) credited to the consolidated statements of comprehensive income</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Acquisition/divestment of subsidiaries</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>December 31, 2013</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deferred tax liabilities:</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Land rights, intangible assets, and others</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(14</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>3</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(11</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Valuation of long-term investment</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(70</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(70</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Difference between accounting and tax bases of property and equipment</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(1,581</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>38</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(1,543</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Total deferred tax liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(1,595</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(29</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(1,624</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deferred tax liabilities of the Company - net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(865</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>149</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(716</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Telkomsel</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deferred tax assets:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Provisions</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif> for e</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>mployee benefit</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>s&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>206</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>48</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>254</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Provision for impairment of receivables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>118</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>122</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Recognition of interest under USO arrangements</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Total deferred tax assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>330</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>46</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>376</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deferred tax liabilities:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Intangible assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(44</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(18</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(62</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Finance leases</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(22</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(99</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(121</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Difference between accounting and tax bases of property and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(2,363</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>95</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(2,268</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Total deferred tax liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=DE color=windowtext face=Arial,sans-serif>(2,429</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=DE color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(22</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=DE color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=DE color=windowtext face=Arial,sans-serif>(2,451</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=DE color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deferred tax liabilities of Telkomsel - net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(2,099</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>24</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(2,075</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deferred tax liabilities of other subsidiaries - net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(95</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(109</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(213</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deferred tax liabilities - net</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(3,059</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>64</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(9</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(3,004</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Deferred tax assets - net</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>89</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>71</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(78</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>82</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013, the aggregate amounts of temporary differences associated with investments in subsidiaries and associated companies, for which deferred tax liabilities have not been recognized are </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Rp27,112&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion and Rp24,252 billion, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Realization of the deferred tax assets is dependent upon the Group&#8217;s capability in generating future profitable operations. Although realization is not assured, the Group believes that it is probable that these deferred tax assets will be realized through reduction of future taxable income when temporary differences reverse. The amount of deferred tax assets is considered realizable; however, it could reduce if actual future taxable income is lower than estimates.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 1.1pt 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>g.&nbsp;&nbsp; Administration </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>From 2008 to 201</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>4</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, the Company has been consecutively entitled to income tax rate reduction of 5% for meeting the requirements in accordance with the Government Regulation No. 81/2007 in conjunction with the Ministry of Finance Regulation No. 238/PMK.03/2008. On the basis of historical data, for the year </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2014 and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2013, the Company calculates the deferred tax using the tax rate of 20</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The taxation laws of Indonesia require that the Company and its local subsidiaries submit individual tax returns on the basis of self-assessment. Under prevailing regulations, the DGT may assess or amend taxes within a certain period. For fiscal years 2007 and earlier, this period is within ten years of the time the tax became due, but not later than 2013, while for fiscal years 2008 and onwards, the period is within five years of the time the tax became due.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>84</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>31.&nbsp; TAXATION (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>g.&nbsp;&nbsp; Administration (continued)</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Minister of Finance of the Republic of Indonesia has issued Regulation No.85/PMK.03/2012 dated June 6, 2012 concerning the appointment of State-Owned Enterprises ("SOEs") to withhold, deposit and report VAT and Sales Tax on Luxury Goods ("PPnBM") according to the procedures outlined in the Regulation which is effective from July 1, 2012. The Ministry of Finance of the Republic Indonesia also has issued Regulation No.224/PMK.011/2012 dated December 26, 2012 concerning the appointment of SOEs to withhold income tax article 22 which is effective from February 23, 2013. The Company has withheld, deposited, and reported the VAT and PPnBM or VAT and also income tax article 22 in accordance with the Regulation.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>No tax audit has been conducted for fiscal years 200</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>9</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, 20</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>10</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, 20</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>12&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 201</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>3&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> on the Company. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>T</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he Company received a certificate of tax audit exemption from the DGT for fiscal years 2009</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2010 and 2012 which is valid unless the Company files for corporate income tax overpayment, in which case a tax audit will be performed.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>32.&nbsp; BASIC AND DILUTED EARNINGS PER SHARE </FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Basic earnings per share is computed by dividing profit for the year attributable to owners of the parent company amounting to Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>14,638&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion and Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>14,205&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion by the weighted average number of shares outstanding during the period totaling </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>97,695,785,107&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>and 9</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>6,358,660,797&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(after stock split) for the years ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014 and 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Basic earnings per share amounted to Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>149.83&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>147.42&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> (in full amount) for the years ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013, respectively.</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>No diluted earnings per share is computed because the Company does not have potentially dilutive financial investments for the years ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013.</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>33.&nbsp; CASH DIVIDENDS AND GENERAL RESERVE</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>In the AGM of Stockholders of the Company as stated in notarial deed No. 38 dated April 19, 2013 of Ashoya Ratam, S.H., MKn., the Company&#8217;s stockholders agreed on the distribution of cash dividend and special cash dividend for 2012 amounting to Rp7,068 billion and Rp1,285 billion, respectively. On June 18, 2013, the Company paid the cash dividend and special cash dividend totalling Rp8,35</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>4</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;billion.&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>In the AGM of Stockholders of the Company as stated in notarial </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>deed&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> No. 4 dated April </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>4</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, 201</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>4&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>of Ashoya Ratam, S.H., MKn., the Company&#8217;s stockholders agreed on the distribution of cash dividend and special cash dividend for 201</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>3&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> amounting to Rp7,</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>813&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion and Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>131&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion, respectively. On </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>May&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> 16, 201</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>4</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, the Company paid the cash dividend and special cash dividend totalling Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>9</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>943</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;billion.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Appropriation of Retained Earnings</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Under the Limited Liability Company Law, the Company is required to establish a statutory reserve amounting to at least 20% of its issued and paid-up capital.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The balance of the appropriated retained earnings of the Company as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013 amounted </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>to Rp15,337 billion</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&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=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>34.&nbsp; PENSION AND OTHER POST-EMPLOYMENT BENEFITS</FONT></B></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=Arial,sans-serif>2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Prepaid pension benefit costs</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>771</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>927</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Pension</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>The Company</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,851</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>1,644</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Telkomsel</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>626</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>613</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Infomedia</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Pension benefit costs provisions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,477</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2,257</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Other post-employment benefits</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>376</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>349</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Obligation under the Labor Law</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>239</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>189</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Pension benefit costs provision and other post-employment benefits</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3,092</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2,795</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Net periodic pension costs</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>The Company</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>534</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>678</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Telkomsel</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>111</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>194</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Infomedia</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Net periodic pension costs (Note 27)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>645</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>873</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Other post-employment benefit costs (Note 27)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>61</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>66</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 1pt">

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Employee benefit costs under the Labor Law</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>54</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>17</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; HEIGHT: 1pt; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a.&nbsp;&nbsp; Prepaid pension benefit costs </FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 4pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company sponsors a defined benefit pension plan to employees with permanent status prior to July 1, 2002. The pension benefits are paid based on the participating employees&#8217; latest basic salary at retirement and the number of years of their service. The plan is managed by Telkom Pension Fund (&#8220;Dana Pensiun Telkom&#8221; or &#8220;Dapen&#8221;). The participating employees contribute 18% (before&nbsp;March 2003: 8.4%) of their basic salaries to the pension fund. The Company&#8217;s contributions to the pension fund for the years ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013 amounted to Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Nil&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion and Rp182 billion, respectively. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The following table presents the change in projected pension benefits obligation, change in pension plan assets, funded status of the pension plan and net amount recognized in the Company&#8217;s consolidated statement of financial position for the years ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013 for its defined benefit pension plan:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 96.14%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Change in projected pension benefits obligation</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Projected pension benefits obligation at beginning of year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>14,883</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>19,249</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Service costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>188</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>450</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Interest costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,348</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>1,183</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Pension plan participants' contributions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>45</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>44</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Actuarial losses (gains)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,471</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(5,387</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Expected pension benefits paid</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(737</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(656</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>B</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>enefit&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif> changes</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>204</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Projected pension benefits obligation at end of year</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>17,402</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>14,883</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>86</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>34.&nbsp; PENSION AND OTHER POST-EMPLOYMENT BENEFITS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a.&nbsp;&nbsp; Prepaid pension benefit costs (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 96.14%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Change in pension benefit plan assets</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Fair value of pension plan assets at beginning of year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>16,803</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>18,222</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Expected return on pension plan assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,662</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>1,485</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif>Employer&#8217;s contributions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif>182</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif>Pension plan participants' contributions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>45</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif>44</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Actuarial </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>gains (</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>losses</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,156</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(2,474</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Expected pension benefits paid</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(737</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(656</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Fair value of pension plan assets at end of year</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>18,929</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>16,803</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Funded status</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,527</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>1,920</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Unrecognized past service costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>78</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Unrecognized net actuarial gains</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(756</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(1,071</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Prepaid pension benefit costs</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>771</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>927</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The expected return is determined based on market expectation for returns over the entire life of the obligation by considering the portfolio mix of the plan assets. The actual return on plan assets was Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2,818&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion and (Rp989) billion for the years ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013, respectively. Based on the Company&#8217;s policy issued on January 14, 2014 regarding Dapen&#8217;s Funding Policy, the Company will not contribute to Dapen when Dapen&#8217;s Funding Sufficiency Ratio (FSR) is above 105%. Therefore, the Company expects no contribution to defined benefit pension plan in 201</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>5</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in"><B><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.3pt; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Based on</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> the C</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ompany</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8217;s policy issu</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ed on July 1, 2014 </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>regarding P</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ension </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>R</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>egulat</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ion&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> by Dana Pensiun Telkom, there is an increas</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>e&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> in monthly benefits given to the pensionary, widow/widower or the child of participants who stop</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ped&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> working before the end of June 2002.</FONT></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 21.3pt; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The movements of the prepaid pension benefit costs during</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> the years</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013 are as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 1pt" lang=EN-US color=windowtext face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;</FONT></B></P>

<DIV align=left>

<TABLE style="WIDTH: 96.14%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Prepaid pension benefit costs at beginning of year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(927</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(1,031</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Net periodic pension costs less amounts charged to subsidiaries</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>147</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>265</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Amounts charged to subsidiaries under contractual agreement</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Employer&#8217;s contributions</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(182</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Prepaid pension benefit costs at end of year</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(771</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(927</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 35.7pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>As of December 31, 2014 and 2013, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>pension </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>plan assets</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> mainly </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>consisted of :</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 96.14%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Government bonds</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>36.86%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>40.30%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Indonesian equity securities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>23.10%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>21.97%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Corporate bonds</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>17.60%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>21.19%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Others</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>22.44%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>16.54%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>100.00%</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>100.00%</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">34.&#160; PENSION AND OTHER POST-EMPLOYMENT
BENEFITS (continued)</font></b></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></b></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:left;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">a.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Prepaid pension benefit costs
(continued)</font></b></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:21.3pt;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:38.5pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Pension plan assets also include
Series B shares issued by the Company with fair values totaling Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">348&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion and Rp336 billion,
representing </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1.84</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">% and 2.00% of total plan assets as of
</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">201</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3, respectively, and bonds issued by the Company with
fair values totaling Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">151&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">and Rp151 billion </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">representing </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">0.80%&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and 0.90% of total plan assets as of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">201</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">3, respectively.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The actuarial valuation for the
defined benefit pension plan and the other post-employment benefits (Notes 34b
and 34c) was performed based on the measurement date as of December 31, 2014
and 2013, with reports dated </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">February
24, 2015</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and February 28,
2014, respectively, by PT&nbsp;Towers Watson Purbajaga (&#8220;TWP&#8221;), an independent
actuary in association with Towers Watson (&#8220;TW&#8221;) (formerly Watson Wyatt
Worldwide). The principal actuarial assumptions used by the independent actuary
as of December&nbsp;31, 2014 and 2013 are as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif 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;margin-left:.5in;width:96.14%;">
 <tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Discount rate</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">8.50%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">9.00%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Expected long-term
  return on pension plan assets</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">8.50%</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">9.75%</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Rate of compensation
  increases</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">8.00%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">8.00%</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The components of net periodic pension
costs are as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=Arial,sans-serif 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;margin-left:.5in;width:96.14%;">
 <tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Service costs</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">188</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">450</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Interest costs</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">1,348</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">1,183</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Expected return on
  pension plan assets</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">(1,662</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(1,485</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Amortization of past
  service costs</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">78</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">139</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Past
  service costs &#8211; vesting</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">204</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Net periodic pension
  costs</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">156</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">287</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Amount charged to subsidiaries under contractual
  agreements</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">(9</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">(21</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=59% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">Net periodic pension costs less amounts charged to
  subsidiaries (Note 27)</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">147</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">266</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=Arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Historical
information:</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:96.16%;">
 <tr>
  <td valign=bottom width=36% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;line-height:normal;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;line-height:normal;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;line-height:normal;">2012</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;line-height:normal;">2011</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;line-height:normal;">2010</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;font-weight:normal;line-height:normal;">Present value of funded
  defined benefit obligation</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">(17,402</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">)</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;font-weight:normal;line-height:normal;">(14,883</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;font-weight:normal;line-height:normal;">)</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;font-weight:normal;line-height:normal;">(19,249</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;font-weight:normal;line-height:normal;">)</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;font-weight:normal;line-height:normal;">(16,188</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;font-weight:normal;line-height:normal;">)</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;font-weight:normal;line-height:normal;">(11,924</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;font-weight:normal;line-height:normal;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;font-weight:normal;line-height:normal;">Fair value of plan
  assets</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">18,929</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">16,803</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">18,222</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">16,597</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">15,098</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=FI style="font-size:10.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;line-height:normal;">Surplus (deficit) </font></b><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;line-height:normal;">in the plan</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;">1,527</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;line-height:normal;">1,920</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;line-height:normal;">(1,027</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;line-height:normal;">)</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;line-height:normal;">409</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;line-height:normal;">3,174</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;font-weight:normal;line-height:normal;">Experience adjustments
  arising on plan liabilities</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">567</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">(20</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">)</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">(1</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">)</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">(156</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">)</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">(314</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=36% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:.0001pt;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;font-weight:normal;line-height:normal;">Experience adjustments
  arising on</font><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;"> plan assets</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">(1,156</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;font-weight:normal;line-height:normal;">)</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">2,474</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">(507</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">)</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">(410</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">)</font></p>
  </td>
 <td valign=bottom width=12% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">(1,604</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=PT-BR style="font-size:10.0pt;font-weight:normal;line-height:normal;">)</font></p>
  </td>
 </tr>
</table></div>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>





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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>34.&nbsp; PENSION AND OTHER POST-EMPLOYMENT BENEFITS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 22.5pt; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>b.&nbsp; Pension benefit costs provisions</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(i)&nbsp;&nbsp; The Company </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company sponsors unfunded defined benefit pension plans and a defined contribution pension plan for its employees.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><B><I><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The defined contribution pension plan is provided to employees hired with permanent status on or after July 1, 2002. The plan is managed by Financial Institutions Pension Fund (&#8220;</FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Dana Pensiun Lembaga Keuangan</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8221; or &#8220;DPLK&#8221;). The Company&#8217;s contribution to DPLK is determined based on a certain percentage of the participants&#8217; salaries and amounted to Rp6 billion for the years ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013, respectively.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Since 2007, the Company has provided pension benefit based on uniformulation for both participants prior to and from April 20, 1992 effective for employees retiring beginning February 1, 2009. The change in benefit had increased the Company&#8217;s obligations by Rp699&nbsp;billion, which is amortized over 9.9 years until 2016. In 2010, the Company replaced the uniformulation with </FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Manfaat Pensiun Sekaligus</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> (&#8220;MPS&#8221;). MPS is given to those employees reaching retirement age, upon death or upon being disabled starting from February 1, 2009. The change in benefit had increased the Company&#8217;s obligations by Rp435 billion, which is amortized over 8.63 years until 2018.</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 10pt 0.75in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company also provides benefits to employees </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>during a pre-retirement period in which they are inactive for 6 months prior to their normal retirement age of 56 years</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, known as pre-retirement benefits (&#8220;</FONT><I><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Masa Persiapan Pensiun</FONT></I><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8221; or &#8220;MPP&#8221;). </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>During the pre-retirement period, the employees still receive benefits provided to active employees, which include, but are not limited to</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>,&nbsp;</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> regular salary, health care, annual leave, bonus and other benefits.</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Since 2012, the Company has issued a new requirement for MPP effective for employees retiring beginning April 1, 2012, whereby the employee is required to file a request for MPP and if the employee does not file the request, he or she is required to work until the retirement date. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The following table presents the change in projected pension benefits obligation of MPS and MPP for for the years ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013:</FONT></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=Arial,sans-serif>2014</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=Arial,sans-serif>2013</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Change in projected pension benefits obligation</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Unfunded projected pension benefits obligation at beginning of year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,200</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2,436</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Service costs</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>80</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>97</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Interest costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>194</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>150</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Actuarial </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>losses (gains)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>32</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(342</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Benefits paid by employer</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(180</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(141</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Unfunded projected pension benefits obligation at end of year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2,326</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2,200</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Unrecognized past service costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(373</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(506</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Unrecognized net actuarial losses</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(102</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(50</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Pension benefit costs provisions at end of year</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,851</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>1,644</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>89</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>34.&nbsp; PENSION AND OTHER POST-EMPLOYMENT BENEFITS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 22.5pt; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>b.&nbsp; Pension benefit costs provisions</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 22.5pt; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: -31.5pt; MARGIN: 0in 0in 10pt 67.5pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 11pt" lang=EN-US color=windowtext face=arial,sans-serif>(i)</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company (continued)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Movements of the pension benefit costs provisions during </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the years</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 94.2%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Pension benefit costs provisions at beginning of year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,644</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>1,373</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total periodic pension costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>387</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>412</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Employer&#8217;s contributions</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(180</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(141</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Pension benefit costs provisions at end of year</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,851</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>1,644</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>The principal actuarial assumptions used by the independent actuary based on the measurement date as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>December&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif> 3</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>, 201</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>4 and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>201</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif> are as follow:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 94.2%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Discount rate</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>8.50%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>9.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Rate of compensation increases</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>8.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>8.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The components of total periodic pension costs are as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 94.2%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Service costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>80</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>97</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Interest costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>194</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>150</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Amortization of past service costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>132</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>132</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Actuarial (gains) losses recognized</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(19</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>33</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Total periodic pension costs (Note 27)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>387</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>412</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Historical information:</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><STRONG><FONT size=2 face=Arial></FONT></STRONG>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 94.2%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="36%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>2012</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>2011</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>2010</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="36%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Present value of funded defined benefit obligation</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(2,326</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>(2,200</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>(2,436</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>(2,440</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>(2,096</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="36%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>Deficit in the plan</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(2,326</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>(2,200</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>(2,436</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>(2,440</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>(2,096</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>)</FONT></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="36%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Experience adjustments arising on plan liabilities</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(12</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif>3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif>72</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif>(30</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif>23</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>90</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>34</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>.&nbsp;&nbsp; PENSION AND OTHER POST-EMPLOYMENT BENEFITS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 22.5pt; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>b.&nbsp; Pension benefit costs provisions</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 22.5pt; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 1pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(ii)&nbsp;&nbsp; Telkomsel</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 27pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Telkomsel provides a defined benefit pension plan to its employees. Under this plan, employees are entitled to pension benefits based on their latest basic salary or take-home pay and the number of years of their service. PT Asuransi Jiwasraya (&#8220;Jiwasraya&#8221;), a state-owned life insurance company, manages the plan under an annuity insurance contract. Until 2004, the employees contributed 5% of their monthly salaries to the plan and Telkomsel contributed any remaining amount required to fund the plan. Starting 2005, the entire contributions are fully made by Telkomsel.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Telkomsel&#8217;s contributions to Jiwasraya amounted to Rp98 </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>billion </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>and RpNil for the years ended December 31, 2014 and 2013, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The following table presents the change in projected pension benefits obligation, change in pension plan assets, funded status of the pension plan and net amount recognized in the Company&#8217;s consolidated statement of financial position for the years ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013 of its defined benefit pension plan:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

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<TABLE style="WIDTH: 94.2%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>



<TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Change in projected pension benefits obligation</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Projected pension benefits obligation at beginning of year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>899</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1,472</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Service cost</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>74</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>130</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Interest cost</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>81</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>88</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Actuarial </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>losses (gains)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>234</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(789</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Expected pension benefits paid</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Projected pension benefits obligation at end of year</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1,281</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>899</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Changes in pension plan asset</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Fair value of pension plan assets at beginning of year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>439</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>666</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Expected return on pension plan assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>40</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>40</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Employers contributions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>98</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Actuarial</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> gains (losses)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>67</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(265</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Expected pension benefits paid</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Fair value of pension plan assets at end of year</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>637</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>439</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Funded status</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(644</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(460</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Unrecognized items in the consolidated statement of financial position:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Prior service costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Net actuarial losses </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>gains</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>8</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(153</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Pension benefit costs provisions</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(626</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(613</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>91</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face=Arial,sans-serif>Table of Contents</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>34.&nbsp;&nbsp; PENSION AND OTHER POST-EMPLOYMENT BENEFITS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 4.5pt; MARGIN: 0in 0in 0pt 0.25in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>b.&nbsp; Pension benefit costs provisions (continued)</FONT></B></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0.2pt; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(ii)&nbsp;&nbsp; Telkomsel (continued)</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The components of the net periodic pension costs are as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 94.2%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Service costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>74</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>130</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Interest costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>81</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>88</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Expected return on pension plan assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(40</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(40</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Amortization of past service costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Actuarial </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(gain) </FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>losses recognized</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>15</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Net periodic pension costs (Note 27)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>111</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>194</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The net periodic pension costs for the pension plan was calculated based on actuary measurement date as of December 31, 2014 and 2013, with reports dated February 5, 2015 and February 20, 2014, respectively, by TWP, an independent actuary in association with TW. The principal actuarial assumptions used by the independent actuary based on the measurement date as of December 31, 2014 and 2013, are as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 94.2%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Discount rate</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>8.25%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>9.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Expected long-term return on plan assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>8.25%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>9.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Rate of compensation increases</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>6.50%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>6.50%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Historical information</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 94.2%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="36%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif>2012</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif>2011</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif>2010</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="36%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Present value of funded defined benefit obligation</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(1,281</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif>(899</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif>(1,472</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif>(1,237</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif>(663</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="36%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Fair value of plan assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>637</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>439</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>666</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>458</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>246</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="36%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Deficit in the plan</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(644</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>(460</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>(806</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>(779</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>(417</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="36%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Experience adjustments arising on plan liabilities</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>55</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>43</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>71</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>(44</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="36%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Experience adjustments arising on plan assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(67</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>265</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>(139</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>(192</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>(49</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 22.5pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>c.&nbsp; Other post-employment benefits provisions </FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 22.5pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company provides other post-retirement benefits in the form of cash paid to employees on their retirement or termination. These benefits consist of final housing allowance (&#8220;</FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Biaya Fasilitas Perumahan Terakhir</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8221; or &#8220;BFPT&#8221;) and home passage leave (&#8220;</FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Biaya Perjalanan Pensiun dan Purnabhakti</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8221; or &#8220;BPP&#8221;). </FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>92</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>34.&nbsp;&nbsp; PENSION AND OTHER POST-EMPLOYMENT BENEFITS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in"><B><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 22.5pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>c.&nbsp; Other post-employment benefits provisions </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(lanjutan)&nbsp;</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 22.5pt" align=left><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Movements of the other post-employment benefit costs provisions for the years ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Other post-employment benefit costs provisions at beginning of year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>349</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>310</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Other post-employment benefit costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>61</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>66</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Other post-employment benefits paid by the Company</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(34</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(27</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Net other post-employment benefit costs provisions at end of year</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>376</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>349</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The principal actuarial assumptions used by the independent actuary as of December 31, 2014 and 201</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>3&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> are as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

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<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Discount rate</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>8.50%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>9.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Rate of compensation increases</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>8.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>8.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Components of the total periodic other post-employment benefit costs for the years ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 96.14%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>Service costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>9</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>Interest costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>38</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>30</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>Amortization of past service costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>Actuarial losses recognized</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>18</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Other post-employment benefit costs (Note 27)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>61</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>66</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Historical information:</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 96.14%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>2012</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>2011</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>2010</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="36%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Present value of funded defined benefit obligation</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(488</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>(450</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>(508</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>(462</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>(409</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>Deficit in the plan</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(488</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>(450</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>(508</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>(462</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>(409</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=arial,sans-serif>)</FONT></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="36%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Experience adjustments arising on plan liabilities</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>12</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif>(7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif>5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif>(13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=arial,sans-serif>11</FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 10pt 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>d.&nbsp;&nbsp; Obligation under the Labor Law provisions</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>Under Law No. 13 Year 2003, </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif>t</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>he Group </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif>is&nbsp;</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif> required to provide minimum pension benefit, if not covered yet by the sponsored pension plans, to their employees upon retirement age. The total related obligation recognized as of December 31, 2014 and 201</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif>3&nbsp;</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif> amounted to Rp239 billion and Rp1</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif>89&nbsp;</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif> billion, respectively. The related employee benefit costs charged to expense amounted to Rp54 billion and Rp</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif>17&nbsp;</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif> billion for the years</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif> ended </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=arial,sans-serif> and </FONT><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=IN color=windowtext face=arial,sans-serif>2013, respectively.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>93</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>35.&nbsp; LONG SERVICE AWARDS (&#8220;LSA&#8221;)</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Telkomsel and Patrakom provides certain cash awards or certain number of days leave benefits to its employees based on the employees&#8217; length of service requirements, including LSA and LSL. LSA are either paid at the time the employees reach certain years during employment, or at the time of termination. LSL are either certain number of days leave benefit or cash, subject to approval by management, provided to employees who me</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>e</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>t the requisite number of years of service and with a certain minimum age.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 45pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>The obligation with respect to these awards was determined based on an actuarial valuation using the Projected Unit Credit method, and amounted to</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>410&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion and </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>336&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> billion as of December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013, respectively</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>. The related benefit costs charged to expense amounted to </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>115&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion and Rp19 billion for </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the years </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, respectively</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> (Note 27).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>36.&nbsp; POST-EMPLOYMENT HEALTH CARE BENEFITS PROVISIONS</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company provides a post-employment health care benefits to all of its employees hired before November 1, 1995 who have worked for the Company for 20 years or more when they retire, and to their eligible dependents. The requirement to work for 20 years does not apply to employees who retired prior to June 3, 1995. The employees hired by the Company starting from November 1, 1995 are no longer entitled to this plan. The plan is managed by Yakes.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The defined contribution post- employment health care benefits is provided to employees hired with permanent status on or after November 1, 1995 or employees with terms of service less than 20 years at the time of retirement. The Company&#8217;s contribution amounted to Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>15&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion and Rp17 billion for the years ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The following table presents the change in the projected post-employment health care benefits obligation, change in post-employment health care benefits plan assets, funded status of the post- employment health care benefits plan and net amount recognized in the Company&#8217;s consolidated statement of financial position as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face=arial,sans-serif>:&nbsp;</FONT></P>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2014</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=arial,sans-serif>2013</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Change in projected post-employment health care benefits obligation</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="19%">

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Projected post-employment health care benefits obligation at beginning of year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>10,653</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>13,162</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Service costs</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>45</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>70</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Interest costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>942</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>813</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Actuarial </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>losses (gains)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>237</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(3,099</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Expected post-employment health care benefits paid</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(373</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(293</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Projected post-employment health care benefits obligation at end of year</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>11,504</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>10,653</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<a name="_bclFooter101"></a><DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>94</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_102"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader102"></a><DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 1pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>36.&nbsp; POST-EMPLOYMENT HEALTH CARE BENEFITS PROVISIONS</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 21.3pt; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>Change in post-retirement health care benefits plan assets </FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Fair value of plan assets at beginning of year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>9,661</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>9,913</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Expected return on plan assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>911</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>744</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Employer&#8217;s contributions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>226</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>302</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Actuarial </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>gains (losses)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>639</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(1,005</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Expected post-employment health care paid</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(373</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(293</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Fair value of plan assets at end of year</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>11,064</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>9,661</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Funded status</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(440</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(992</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Unrecognized net actuarial </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(gains) losses</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(162</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>240</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Post-employment health care benefit costs provisions</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(602</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(752</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013, plan assets mainly consisted of:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Mutual funds</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>75.53%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>81.80%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Equity securities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>15.43%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>13.14%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Time deposits</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>7.17%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>3.68%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Others</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1.87%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1.38%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Total assets</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>100.00%</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>100.00%</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Yakes plan assets also include Series B shares issued by the Company with fair values totaling Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>140&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion and Rp120 billion representing </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1.27</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>% and 1.25% of total plan assets as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The expected return is determined based on market expectation for returns over the entire life of the obligation by considering the portfolio mix of the plan assets. The actual return on plan assets was Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1,550&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion and (Rp261 billion) for the years ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The components of net periodic post-retirement health care benefit costs are as follows:</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Service costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>45</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>70</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Interest costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>942</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>813</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Expected return on plan assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(911</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(744</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Actuarial </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>losses&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif> recognized</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>236</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Net periodic post-employment benefit costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>76</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>375</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Amounts charged to subsidiaries under contractual agreements</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>(1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Net periodic post-employment health care benefit costs less amounts charged to subsidiaries (Note 27)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>74</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>374</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>95</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>36.&nbsp; POST-EMPLOYMENT HEALTH CARE BENEFITS PROVISIONS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The movements of the projected post-employment health care benefit costs provisions for the years ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for the year ended December 31, 2013, are as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in"><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

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<TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Projected post-employment health care benefit costs provisions at beginning of year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>752</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>679</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Net periodic post-employment health care benefits costs less amounts charged to subsidiaries (Note 27)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>74</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>374</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Amounts charged to subsidiaries under contractual agreements</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Employer&#8217;s contributions</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(226</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(302</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Projected post-employment health care benefit costs provisions at end of year</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>602</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>752</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The actuarial valuation for the post-employment health care benefits was performed based on the measurement date as of December 31, 2014 and 2013, with reports dated </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>February 24</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, 2015 and February 28, 2014, respectively, by TWP, an independent actuary in association with TW. The principal actuarial assumptions used by the independent actuary as of December&nbsp;31,&nbsp;201</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>4&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013 are as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 1pt" lang=IN color=windowtext face=arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 1pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 1pt" lang=IN color=windowtext face=arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Discount rate</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>8.50%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>9.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Expected long-term return on plan assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>8.50%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>9.50%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Health care costs trend rate assumed for next year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>7.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>7.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>1% changes in assumed future health care costs trend rates would have the following effects:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1% point increase</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1% point decrease</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Service costs and interest costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>171</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(140</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Accumulated post-employment health care benefits obligation</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1,862</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(1,530</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 6pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Historical information:</FONT></B></P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="37%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif>2012</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif>2011</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif>2010</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="37%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Present value of funded defined benefit obligation</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(11,50</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(10,653</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(13,162</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(10,547</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(8,741</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="37%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Fair value of plan assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>11,064</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>9,661</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>9,913</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>8,986</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>8,005</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="37%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Deficit in the plan</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(441</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>(992</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>(3,249</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>(1,561</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>(736</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="37%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Experience adjustments arising on plan liabilities</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>97</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>(56</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>74</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>(64</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>(231</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="37%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Experience adjustments arising on plan assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(639</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>1,005</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>(177</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>(222</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>(691</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 104%; FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">37.&#160; RELATED PARTY TRANSACTIONS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">In the normal course of its business, the
Group entered into transactions with related parties. It is the Company's
policy that the pricings of these transactions be the same as those of arm&#8217;s
length transactions. </font></p>

<p style="margin-bottom:0in;margin-left:35.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">a.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Nature of
relationships and accounts/transactions with related parties</font></b></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p align=left style="margin:0in;margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Details of the nature
of relationships and accounts/transactions with significant related parties
are as follows:</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:96.14%;">
 <tr>
  <td valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Related parties</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Nature of relationships</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> with related
  parties</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=37% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Nature of accounts</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">/transactions&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">The Government Ministry of Finance</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Majority stockholder</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Finance </font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">costs&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> and </font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">investment
  in financial instruments</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">State-owned enterprises </font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under common control</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Internet and data service revenue, other telecommunication services
  revenue, operating expenses, purchase of property and equipment,
  installation and development services,
  insurance expenses, finance income</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">,
  </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">finance costs, electricity expense, SIM</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> cards</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> expense and investment in financial instruments</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> &nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Indosat</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under common control</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Interconnection revenue, network revenue,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">
  t</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">elecommunication facilities expenses and</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> operating and
  maintenance cost</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Aplikanusa Lintasarta (&#8220;Lintasarta&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under common control</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Interconnection revenue, network revenue, </font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">usage of data </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">communication network syste</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">m
  </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">expenses and leased
  lines expenses</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Indosat Mega Media</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under common control</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Network revenues</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">CSM</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Associated company</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">N</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">etwork revenue</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">s </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">and </font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">transmission
  lease expenses</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PSN</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Associated company</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Interconnection revenue,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> n</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">etwork revenue</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">,
  leased lines revenues, transmission lease expenses</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;"> an</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">d
  interconnection expense</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Indonusa*</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Associated company</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">N</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">etwork revenue </font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">and data communication </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">expense&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Industri Telekomunikasi Indonesia (&#8220;INTI&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under common control</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Purchase of property and equipment</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Len Industri (&#8220;LEN&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under common control</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Purchase of property and equipment</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:162.9pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-127.8pt;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:162.9pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-127.8pt;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:7.0pt;">* On October 8, 2013, the Company sold its
80% ownership in Indonusa (Notes 3 and 10)</font></p>

<p style="margin-bottom:0in;margin-left:35.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">37.&#160; RELATED PARTY TRANSACTIONS</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></b></p>

<p style="margin-bottom:0in;margin-left:35.1pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">a.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Nature of
relationships and accounts/transactions with related parties</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;line-height:normal;"> (continued)</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Details
of the nature of relationships and accounts/transactions with
significant related parties are as follows (continued):</font></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:96.14%;">
 <tr>
  <td valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Related parties</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Nature of relationships </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">with related
  parties</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=37% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Nature of accounts</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">/transactions&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">State-owned banks</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under common control</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Finance income and finance costs</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">BNI</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under common control</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Internet and data revenue,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> o</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">ther telecommunication service revenue,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> finance income and
  finance costs</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Bank Mandiri</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under common control</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Internet and data revenue,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> o</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">ther telecommunication service revenue,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> finance income and
  finance costs</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">BRI</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under common control</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Internet and data revenue,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> o</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">ther telecommunication service revenue,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> finance income and
  finance costs</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">BTN</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under common control</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Internet and data revenue,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> o</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">ther telecommunication service revenue,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> finance income and
  finance costs</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">PT Bank Syariah Mandiri</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> (&#8220;BSM&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under common control</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Internet and data revenue,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> o</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">ther telecommunication service revenue,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> and finance costs</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Bank BRI Syariah (&#8220;BRI Syariah&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under common control</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Internet and data revenue,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> o</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">ther telecommunication service revenue,</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;"> and finance costs</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Bahana</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under common control</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Available-for-sale financial assets, bonds and notes</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Koperasi Pegawai Telkom (&#8220;Kopegtel&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under common control</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Purchase of property and equipment, construction and
  installation services, leases of buildings, leases of vehicles, purchases of
  vehicles, purchases of materials and construction services, utilities and
  cleaning service maintenance and RSA revenues</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Sandhy Putra Makmur (&#8220;SPM&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under common control</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Leases of buildings, leases of vehicles, purchase of
  materials and construction services, utilities maintenance and cleaning
  services</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Koperasi Pegawai Telkomsel (&#8220;Kisel&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under common control</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Leases of vehicles, printing and distribution of customer
  bills expenses, collection fee, and other services fee, revenue from sales of
  SIM cards and pulse reload voucher</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">PT Graha Informatika Nusantara (&#8220;Gratika&#8221;)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under common control</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">Interconnection revenue, </font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">n</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">etwork revenue</font><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">, purchase of property and equipment,
  installation expense, and maintenance expense</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
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<tr>
  <td valign=top width=33% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Directors and commissioners</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Key management personnel</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Honorarium and facilities</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
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 </tr>
<tr>
  <td valign=top width=33% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Yakes</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=28% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Entity under significant influence</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=37% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">Medical expenses</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
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</table></div>

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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">98</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font></p>





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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>37.&nbsp; RELATED PARTY TRANSACTIONS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>b.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Transactions with related parties</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.5in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The following are significant transactions with related parties:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 96.14%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>% of total revenues</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Amount</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>% of total revenues</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>REVENUES</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Entities under common control</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Kisel</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>3,076</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>3.4</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>2,756</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>3.32</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Indosat</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>1,015</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>1.13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>1,116</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>1.35</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>State-owned enterprises</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>649</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.72</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>730</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.88</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Gratika</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>389</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>0.43</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>375</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.45</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>BRI</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>277</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.31</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>231</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.28</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Government</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>168</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.19</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>178</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>BNI</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>137</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.15</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>123</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.15</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Bank Mandiri</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>133</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.15</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>204</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.25</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Lintasarta</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>81</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>0.09</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>87</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>BTN</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>30</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.03</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>86</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>BSM</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>17</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.02</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>41</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.05</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>BRI Syariah</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>14</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.02</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>28</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.03</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Sub-total</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>5,986</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>6.67</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>5,955</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>7.18</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Associated company</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Indonusa*</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>74</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>0.08</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>103</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.12</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Others</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>291</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>0.32</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>149</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>0.17</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" lang=FI color=windowtext face=arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=FI color=windowtext face=arial,sans-serif>6,351</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=FI color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=FI color=windowtext face=arial,sans-serif>7.08</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>6,207</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>7.47</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 96.14%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>% of total expenses</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>% of total expenses</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>EXPENSES</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.15in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Entities under common control</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>State-owned enterprises</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>,</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>054</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>1.75</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>1,048</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>1.90</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Indosat</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>937</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>1.55</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>1,009</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>1.83</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Kisel</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>922</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>1.5</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>743</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>1.35</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Kopegtel</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>550</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>0.91</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>692</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>1.26</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>SPM</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>0.02</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>118</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Sub-total</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>3,</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>473</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>5.76</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>3,610</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>6.55</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.15in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Entity under significant influence</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>Yakes</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>157</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>0.26</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>159</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.29</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Associated company</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>PSN</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>233</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>0.39</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>187</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.34</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Others</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>88</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>0.15</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>143</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>0.26</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>3,951</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=arial,sans-serif>6</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>.56</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>4,099</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif>7.44</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif>* On October 8, 2013, the Company sold its 80% ownership in Indonusa (Notes 3 and 10).</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>99</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>37.&nbsp; RELATED PARTY TRANSACTIONS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>b.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Transactions with related parties</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 96.14%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><SUP><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B></SUP>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%" colSpan=3>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%" colSpan=3>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><SUP><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B></SUP>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><SUP><FONT style="FONT-SIZE: 14pt" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>% of total finance income</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>% of total finance income</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>FINANCE INCOME</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Entity under common control</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>State-owned banks</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>750</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>60.58</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>530</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>63.40</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 96.14%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><SUP><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B></SUP>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%" colSpan=3>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%" colSpan=3>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><SUP><FONT style="FONT-SIZE: 14pt" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>% of total finance costs</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>% of total finance costs</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>FINANCE COSTS</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Majority stockholder</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>The Government</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>85</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>4.69</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>84</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>5.59</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Entity under common control</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>State-owned banks</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>830</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>45.76</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>518</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>34.44</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>915</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>50.45</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>602</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>40.03</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 96.14%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%" colSpan=3>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%" colSpan=3>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>% of total property and equipment purchased</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>% of total property and equipment purchased</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Purchase of property and equipment </FONT></B><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>(Note 11)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Entities under common control</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>INTI</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>429</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>.</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>74</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>0.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Kopegtel</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>109</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>0.</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>44</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>223</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>1.03</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>LEN</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>40</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>0.16</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>0.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>Gratika</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>33</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>0.13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>0.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>State-owned enterprises</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>0.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>126</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>0.58</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>Others</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>29</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>0.12</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>59</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>0.27</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>640</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>2.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>59</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>408</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>1.88</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>100</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">37.&#160; RELATED PARTY TRANSACTIONS (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">b.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Transactions with related parties
(continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Presented
below are balances of accounts with related parties:</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:96.14%;">
 <tr style="height:1.0pt;">
  <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=30% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=35% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">3&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=30% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Amount</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">% of total assets</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Amount</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">% of total assets</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">a.</font></b></p>
  </td>
 <td valign=top width=30% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Cash and cash equivalents
  (Note 4)</font></b></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:7.0pt;">10,464</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:7.0pt;">7.43</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">11,736</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">9.17</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">b.</font></b></p>
  </td>
 <td valign=top width=30% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Other current financial
  assets (Note 5)</font></b></p>
  </td>
 <td valign=top width=17% style="border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:7.0pt;">2,406</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=17% style="border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:7.0pt;">1.71</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">1,226</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0.95</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">c.</font></b></p>
  </td>
 <td valign=top width=30% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Trade receivables - net
  (Note 6)</font></b></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">746</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">0.53</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">900</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0.70</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">d.</font></b></p>
  </td>
 <td valign=top width=30% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Advances and prepaid
  expenses (Note 8)</font></b></p>
  </td>
 <td valign=top width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=30% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.3in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Others</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:7.0pt;">24</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:7.0pt;">0.02</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">82</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0.06</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">e.</font></b></p>
  </td>
 <td valign=top width=30% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:-.15in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Advances and other
  non-current assets (Note 12)</font></b></p>
  </td>
 <td valign=top width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=top width=1% style="background:#c6d9f1;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=30% style="background:#c6d9f1;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Entity under common control</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:11.25pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=30% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">BNI</font></p>
  </td>
 <td valign=top width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:7.0pt;">12</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">0.02</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">52</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0.04</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=30% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Others</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">6</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:7.0pt;">0.01</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">3</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0.00</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=30% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Total</font></b></p>
  </td>
 <td valign=top width=17% style="border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">18</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=17% style="border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=EN-GB style="font-size:7.0pt;">0.03</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">55</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0.04</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.5in;width:96.14%;">
 <tr style="height:1.0pt;">
  <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=31% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=34% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">201</font></b><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">3&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=31% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Amount</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">% of total liabilities</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Amount</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">% of total liabilities</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">f.</font></b></p>
  </td>
 <td valign=top width=31% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Trade payables (Note 14)</font></b></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=31% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Entities under common control</font></p>
  </td>
 <td valign=top width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=31% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">INTI</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">323</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">0.59</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">115</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0.23</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Kopegtel</font></p>
  </td>
 <td valign=top width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">55</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">0.10</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">82</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0.16</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=31% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Indosat</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">22</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">0.04</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">17</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0.03</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">State-owned
  enterprises</font></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">1</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0.00</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Sub-total</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">400</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">0.73</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">215</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0.42</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Entity under significant
  influence</font></p>
  </td>
 <td valign=top width=15% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">Yakes</font></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">46</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">0.08</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">43</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">0.09</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.15in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Others</font></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">324</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">0.59</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">568</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">1.12</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=31% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">Total</font></b></p>
  </td>
 <td valign=top width=15% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">770</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:7.0pt;">1.40</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">826</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=17% style="background:#c6d9f1;border-bottom:double windowtext 2pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">1.63</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><b><font color=windowtext face=Arial,sans-serif style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">101</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></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=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>37.&nbsp; RELATED PARTY TRANSACTIONS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>b.</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Transactions with related parties (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in"><B><FONT style="FONT-SIZE: 4pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 96.14%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%" colSpan=3>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%" colSpan=3>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>201</FONT></B><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>3&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>% of total liabilities</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>% of total liabilities</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>g.</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Accrued expenses (Note 15)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Majority stockholder</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>The Government</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>16</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>0.03</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>17</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>0.04</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Entity under common control</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>State-owned banks</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>84</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>0.15</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>53</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>0.10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>100</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>0.18</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>70</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>0.14</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>h.</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Advances from customers and suppliers</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Majority stockholder</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>The Government</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>19</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>0.03</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>19</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>0.04</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>i.</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Short-term bank loans (Note 17)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Entities under common control</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>BRI</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>57</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>0.10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>50</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>0.09</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>BSM</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>15</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>0.03</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>14</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>0.03</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>BRI Syariah</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>3</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>0.01</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>72</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>0.13</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>67</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>0.13</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>j.</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Two-step loans (Note 19)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Majority stockholder</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>The Government</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>1,615</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>2.</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>95&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>1,915</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>3.79</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>k.</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Long-term bank loans (Note 21)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Entities under common control</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif>BRI</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif>4,357</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif>7.</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>96&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif>4,043</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif>8.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif>BNI</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif>2,975</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif>5.</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>43&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif>2,351</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif>4.65</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in" align=left><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif>Bank Mandiri</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif>2,181</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif>3.</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>98&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif>1,069</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif>2.12</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 7pt" color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif>9,513</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=EN-GB color=windowtext face=Arial,sans-serif>1</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif>7.37&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif>7,463</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif>14.77</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 7pt" lang=DA color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in"><SUP><FONT style="LINE-HEIGHT: 70%; FONT-SIZE: 8pt; TEXT-DECORATION: none" lang=DA color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>c.&nbsp;&nbsp; Significant agreements with related parties</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -15pt; MARGIN: 0in 0in 0pt 50pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>i.&nbsp;&nbsp; The Government</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -15pt; MARGIN: 0in 0in 0pt 50pt"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.7in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company obtained two-step loans from the Government (Note 19).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -15pt; MARGIN: 0in 0in 0pt 50pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ii.&nbsp;&nbsp; Indosat</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -15pt; MARGIN: 0in 0in 0pt 50pt"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.7in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company has an agreement with Indosat to provide international telecommunications services to the public.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -15pt; MARGIN: 0in 0in 0pt 50pt"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.7in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company has also entered into an interconnection agreement between the Company&#8217;s fixed line network (Public Switched Telephone Network or &#8220;PSTN&#8221;) and Indosat&#8217;s GSM mobile cellular telecommunications network in connection with the implementation of Indosat Multimedia Mobile services and the settlement of related interconnection rights and obligations.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -15pt; MARGIN: 0in 0in 0pt 50pt"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.7in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company also has an agreement with Indosat for the interconnection of Indosat's GSM mobile cellular telecommunications network with the Company's PSTN, which enable each party&#8217;s customers to make domestic calls between Indosat&#8217;s GSM mobile network and the Company&#8217;s fixed line network, as well as allowing Indosat&#8217;s mobile customers to access the Company&#8217;s IDD service by dialing &#8220;007&#8221;.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>102</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

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<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

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<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">37.&#160; RELATED PARTY TRANSACTIONS (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">c.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;  </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Significant agreements with related
parties</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
(continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:50.0pt;text-align:justify;text-indent:-15.0pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">ii.&#160;&#160; Indosat</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:50.0pt;text-align:justify;text-indent:-15.0pt;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.7in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Company has been handling customer
billings and collections for Indosat. Indosat is gradually taking over the
activities and performing its own direct billing and collection. The Company
receives compensation from Indosat computed at 1% of the collections made by
the Company starting from January 1, 1995, as well as the billing process
expenses which are fixed at a certain amount per record. On December 11, 2008,
the Company and Indosat agreed to implement IDD service charge tariff which
already took into account the compensation for billing and collection. The
agreement is valid and effective starting from January to December 2012, and
can be applied until a new agreement becomes available.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:1.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.7in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">On December 28, 2006, the Company and
Indosat signed amendments on the interconnection agreements for the fixed line
networks (local, SLJJ and international) and mobile network for the
implementation of the cost-based tariff obligations under the
MoCI&nbsp;Regulations No.&nbsp;8/Year 2006 (Note&nbsp;40). These amendments
took effect on January 1, 2007. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:50.0pt;text-align:justify;text-indent:-15.0pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.7in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Telkomsel also entered into an
agreement with Indosat for the provision of international telecommunications
services to its GSM mobile cellular customers. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:50.0pt;text-align:justify;text-indent:-15.0pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.7in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Company provides leased lines to
Indosat and subsidiaries, namely PT Indosat Mega Media and Lintasarta. The
leased lines can be used by these companies for telephone, telegraph, data,
telex, facsimile or other telecommunication services.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:50.0pt;text-align:justify;text-indent:-15.0pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:50.0pt;text-align:justify;text-indent:-15.0pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">iii.&#160; Others</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.7in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Company has entered into
agreements with associated companies, namely CSM, PSN and Gratika for the
utilization of the Company's satellite transponders or frequency channels of communication
satellite and leased lines.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:49.5pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">On April 1, 2013, </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Telkomsel had an agreement with PSN
for the lease of PSN&#8217;s transmission link, which </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">will be expired</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> on March 31, 2016.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:49.5pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Koperasi Pegawai Telkomsel (&#8220;Kisel&#8221;)
is a co-operative that was established by Telkomsel&#8217;s employees to engage in
car rental services, printing and distribution of customer bills, collection
and other services principally for the benefit of Telkomsel. Telkomsel also has
dealership agreements with Kisel for distribution of SIM cards and pulse reload
vouchers.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">103</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font></p>





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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>37.&nbsp; RELATED PARTY TRANSACTIONS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>d.&nbsp;&nbsp; Key management personnel remuneration</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Key management personnels consists of the Boards of Commissioners and Directors of the Company and its subsidiaries.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 35pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt 35.3pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group provides honorarium and facilities to support the operational duties of the Board of Commissioners and short-term employment benefits in the form of salaries and facilities to support the operational duties of the Board of Directors. The total of such benefits is as follows:</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 96.14%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.5in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%" colSpan=3>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>201</FONT></B><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>4&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%" colSpan=3>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>201</FONT></B><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>3&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>% of total expenses</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>% of total expenses</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Board of Directors</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>563</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>0.92%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>354</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>0.62%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="32%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Board of Commissioners</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>155</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>0.2</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif>5</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>106</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>0.19%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>38.&nbsp; SEGMENT INFORMATION</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Management manages the Company's business portfolios using the customer-centric approach, as part of the Company&#8217;s strategy to provide one-stop solution to customers. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group has four main operating segments, namely personal, home, corporate and others. The personal segment provides mobile cellular and fixed wireless telecommunications services to individual customers. The home segment provides fixed wireline telecommunications services, pay TV, data and internet services to home customers. The corporate segment provides telecommunications services, including interconnection, leased lines, satellite, VSAT, contact center, broadband access, information technology services, data and internet services to companies and institutions. Operating segments that are not monitored separately by the Chief Operation Decision Maker are presented as "Others", which provides building management services.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>Management monitors the operating results of the business units separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on operating profit or loss and is measured consistently with operating profit or loss in the consolidated financial statements.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>However, the financing activities and income taxes are not separately monitored and are not allocated to operating segments.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>104</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>38.&nbsp; SEGMENT INFORMATION (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Segment revenues and expenses include transactions between </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>operating </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>segments and are accounted at market prices.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

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   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="81%" colSpan=13>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>201</FONT></B><B><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>4&nbsp;</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>Corporate</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>Home</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>Personal</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Others</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Total </FONT></B><B><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>before </FONT></B><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>elimination&nbsp;</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Elimination</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>Total c</FONT></B><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>onsolidated&nbsp;</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Segment results</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Revenues</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 6pt; TEXT-DECORATION: none" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt; TEXT-DECORATION: none" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 6pt; TEXT-DECORATION: none" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt; TEXT-DECORATION: none" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 6pt; TEXT-DECORATION: none" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt; TEXT-DECORATION: none" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 6pt; TEXT-DECORATION: none" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt; TEXT-DECORATION: none" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 6pt; TEXT-DECORATION: none" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt; TEXT-DECORATION: none" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 6pt; TEXT-DECORATION: none" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt; TEXT-DECORATION: none" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 6pt; TEXT-DECORATION: none" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt; TEXT-DECORATION: none" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>External revenues</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>18,763</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>6,682</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>64,000</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>251</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>89,696</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>89,696</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Inter-segment revenues</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>10,652</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>2,667</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>2,686</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>1,632</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>17,637</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(17,637</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Total segment revenues</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>29,415</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>9,349</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>66,686</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>1,883</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>107,333</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(17,637</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>89,696</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>External expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(16,014</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(5,407</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(37,243</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(1,655</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(60,319</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(60,319</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Inter-segment expenses</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(6,561</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(3,487</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(7,526</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(63</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(17,637</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>17,637</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Total segment expenses</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(22,575</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(8,894</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(44,769</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(1,718</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(77,956</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>17,637</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(60,319</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Segment results</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>6,840</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>455</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>21,917</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>165</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>29,377</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>29,377</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Other information</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Segment assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>46,869</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>22,142</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>82,167</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>2,307</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>153,485</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(14,414</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>139,07</FONT><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Asset held-for-sale</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>57</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>57</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>57</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Long-term investments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>147</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>1,613</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>1,767</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>1,767</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>Total consolidated assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>140,895</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Capital expenditures</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(7,312</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(3,529</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(13,200</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(620</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(24,661</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(24,661</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Depreciation and amortization</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(2,699</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(1,495</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(12,071</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(61</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(16,326</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(16,326</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>Impairment of assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(805</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(805</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(805</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>Provision for impairment of receivables</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(184</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(467</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(133</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(784</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(784</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.12%; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="81%" colSpan=13>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" lang=IN face=Arial,sans-serif></FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" lang=IN face=Arial,sans-serif></FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" lang=IN face=Arial,sans-serif></FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" lang=IN face=Arial,sans-serif></FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" lang=IN face=Arial,sans-serif></FONT></B></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" lang=IN face=Arial,sans-serif>201</FONT></B><B><FONT style="FONT-SIZE: 6pt" face=Arial,sans-serif>3</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>Corporate</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>Home</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>Personal</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Others</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Total </FONT></B><B><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>before </FONT></B><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>elimination&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Elimination</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>Total c</FONT></B><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>onsolidated&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Segment results</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Revenues</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>External revenues</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>17,041</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>6,669</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>59,028</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>229</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>82,967</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>82,967</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Inter-segment revenues</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>8,549</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>2,794</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>2,358</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>909</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>14,610</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(14,610</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Total </FONT><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>segment </FONT><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>revenues&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>25,590</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>9,463</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>61,386</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>1,138</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>97,577</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(14,160</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>82,967</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>External expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(15,211</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(5,939</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(32,991</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(980</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(55,121</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(55,121</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Inter-segment expenses</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>(5,164</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.25in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(2,946</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(6,472</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(28</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>(</FONT><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>14,610&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>14,610</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Total </FONT><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>segment </FONT><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>expenses&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(20,375</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(8,885</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(39,463</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(1,008</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(69,731</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>14,610</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(55,121</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Segment results</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>5,215</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>578</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>21,923</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>130</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>27,846</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>27,846</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Other information</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Segment assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>39,718</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>18,992</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>75,604</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>1,571</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>135,885</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(8,343</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>127,542</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>Asset available for sale</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>105</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>105</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>105</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>Long-term investments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>182</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>101</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>304</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>304</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Total consolidated assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>127,951</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Capital expenditures</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(6,237</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(2,340</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(15,662</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(659</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(24,898</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(24,898</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>Depreciation and amortization</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(2,423</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(1,487</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(11,234</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(40</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(15,184</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(15,184</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>Impairment of assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(596</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(596</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif>Provision for impairment of receivables</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(994</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(1,589</FONT></P></TD>

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   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>(1,589</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>105</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:21.3pt;text-align:justify;text-indent:-21.3pt;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">38.&#160; SEGMENT INFORMATION (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:21.3pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:21.3pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
Company predominantly generates revenue and profit within Indonesia. Revenue
with respect to international interconnections and assets held by geographical
location are disclosed in Note</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">s
26 and 1</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, respectively.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:21.3pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:21.3pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif 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=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">39.&#160; REVENUE-SHARING
ARRANGEMENTS (&#8220;RSA&#8221;) </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
Company has entered into separate agreements with several investors under RSA
to develop fixed lines, public card-phone booths, data and internet network and
related supporting telecommunications facilities.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As
of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31,
2014</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the Company has </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">1&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> RSA with an investor. The RSA are
located in Denpasar, Mataram and Kupang, with concession periods of</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> 148</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> months. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Under
the RSA, the investors finance the costs incurred in developing the
telecommunications facilities and the Company manages and operates the
telecommunications facilities upon the completion of the construction. Repairs
and maintenance costs during RSA period are borne jointly by the Company and
investors. The investors legally retain the rights to the property and
equipment constructed by them during the RSA periods. At the end of the RSA
period, the investors transfer the ownership of the telecommunications
facilities to the Company at a nominal price.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Generally,
the revenues earned in the form of line installation charges, outgoing
telephone pulses and monthly subscription charges are shared between the
Company and investors based on certain agreed amount and/or ratio. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:1.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">40.&#160; TELECOMMUNICATIONS
SERVICE TARIFFS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Under
Law No. 36 Year 1999 and Government Regulation No. 52 Year 2000, tariffs for
operating telecommunications network and/or services are determined by
providers based on the tariff type, structure and with respect to the price cap
formula set by the Government.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">a.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Fixed line
telephone tariffs</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
Government has issued a new adjustment tariff formula which is stipulated in
the Decree &#160;No. 15/PER/M.KOMINFO/4/2008 dated April 30, 2008 of the Ministry of
Communication and Information (&#8220;MoCI&#8221;) concerning &#8220;Mechanism to Determine
Tariff of Basic Telephony Services Connected through Fixed Line Network&#8221;. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Under
the Decree, tariff structure for basic telephony services connected through fixed
line network consists of the following:</font></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font color=windowtext face=symbol lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=X-NONE style="font-size:7.0pt;text-autospace:ideograph-numeric ideograph-other;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">Activation
fee</font></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font color=windowtext face=symbol lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=X-NONE style="font-size:7.0pt;text-autospace:ideograph-numeric ideograph-other;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">Monthly
subscription charges</font></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font color=windowtext face=symbol lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=X-NONE style="font-size:7.0pt;text-autospace:ideograph-numeric ideograph-other;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">Usage
charges</font></p>

<p style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font color=windowtext face=symbol lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=X-NONE style="font-size:7.0pt;text-autospace:ideograph-numeric ideograph-other;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">Additional
facilities fee.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">b.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Mobile
cellular telephone tariffs</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;">On April 7, 2008, the
MoCI issued Decree No.&nbsp;09/PER/M.KOMINFO/04/2008 regarding &#8220;Mechanism to
Determine Tariff of Telecommunication Services Connected through Mobile
Cellular Network&#8221; which provides guidelines to determine cellular tariffs with
a formula consisting of network element cost and retail services activity cost.
This Decree replaced the previous Decree No. 12/PER/M.KOMINFO/02/2006. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>





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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">40.&#160; TELECOMMUNICATIONS SERVICE
TARIFFS (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">b.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Mobile cellular
telephone tariffs (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;">Under MoCI Decree
No.&nbsp;09/PER/M.KOMINFO/04/2008 dated April 7, 2008, the cellular tariffs of
operating telecommunication services connected through mobile cellular network
consist of the following:</font></p>

<p style="margin-bottom:0in;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=symbol lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=X-NONE style="font-size:7.0pt;text-autospace:ideograph-numeric ideograph-other;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">Basic
telephony services tariff</font></p>

<p style="margin-bottom:0in;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=symbol lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=X-NONE style="font-size:7.0pt;text-autospace:ideograph-numeric ideograph-other;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">Roaming
tariff, and/or</font></p>

<p style="margin-bottom:0in;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=symbol lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=X-NONE style="font-size:7.0pt;text-autospace:ideograph-numeric ideograph-other;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">Multimedia
services tariff,</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">with the following
traffic structure:</font></p>

<p style="margin-bottom:0in;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=symbol lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=X-NONE style="font-size:7.0pt;text-autospace:ideograph-numeric ideograph-other;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">Activation
fee</font></p>

<p style="margin-bottom:0in;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=symbol lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=X-NONE style="font-size:7.0pt;text-autospace:ideograph-numeric ideograph-other;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">Monthly
subscription charges</font></p>

<p style="margin-bottom:0in;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=symbol lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=X-NONE style="font-size:7.0pt;text-autospace:ideograph-numeric ideograph-other;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">Usage
charges</font></p>

<p style="margin-bottom:0in;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=symbol lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&#183;</font><font color=windowtext face="times new roman" lang=X-NONE style="font-size:7.0pt;text-autospace:ideograph-numeric ideograph-other;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">Additional
facilities fee.</font></p>

<p style="margin-bottom:0in;margin-left:.75in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;text-autospace:ideograph-numeric ideograph-other;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">c.&#160;&#160; Interconnection
tariffs</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
Indonesian Telecommunication Regulatory Body (&#8220;ITRB&#8221;), in its letter No.
262/BRTI/XII/2011 dated December 12, 2011, decided to change the basis for SMS interconnection
tariff to cost basis with a maximum tariff of Rp23 per SMS effective from June
1, 2012, for all telecommunication provider operators.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Based
on letter No.118/KOMINFO/DJPPI/PI.02.04/01/2014 dated January 30, 2014 of the
Director General of Post and Informatics, the Director General of Post and
Informatics decided to implement new interconnection tariff effective from
February 1, 2014 until December 31, 2016, subject to evaluation on an annual
basis. Pursuant to the Director General of Post and Informatics letter, the
Company and Telkomsel are required to submit the Reference Interconnection
Offer (&#8220;RIO&#8221;) proposal to ITRB to be evaluated.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Subsequently,
ITRB in its letters No. 60/BRTI/III/2014 dated March 10, 2014 and No.
125/BRTI/IV/2014 dated April 24, 2014 approved Telkomsel and the Company&#8217;s
revision of RIO regarding the interconnection tariff. Based on the letter, ITRB
also approved the changes to the SMS interconnection tariff to Rp24 per SMS.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">d.&#160;&#160; Network
lease tariffs</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:35.45pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Through
MoCI Decree No. 03/PER/M.KOMINFO/1/2007 dated January 26, 2007 concerning
&#8220;Network Lease&#8221;, the Government regulated the form, type, tariff structure, and
tariff formula for services of network lease. Pursuant to the MoCI Decree, the
Director General of Post and Telecommunication issued its Letter No. 115 Year
2008 dated March 24, 2008 which stated &#8220;The Agreement on Network Lease Service
Type Document, Network Lease Service Tariff, Available Capacity of Network
Lease Service, Quality of Network Lease Service, and Provision Procedure of
Network Lease Service in 2008 Owned by Dominant Network Lease Service
Provider&#8221;, in conformity with the Company&#8217;s proposal. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:35.45pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>





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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">40.&#160; TELECOMMUNICATIONS SERVICE
TARIFFS (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">e.&#160;&#160; Tariff
for other services</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
tariffs for satellite lease, telephony services, and other multimedia are
determined by the service provider by taking into account the expenditures and
market price. The Government only determines the tariff formula for basic
telephony services. There is no stipulation for the tariff of other services. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif 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=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">41.&#160; SIGNIFICANT COMMITMENTS AND AGREEMENTS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">a.&#160;&#160; Capital expenditures</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As
of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31,
2014</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, capital
expenditures committed under the contractual arrangements, principally relating
to procurement and installation of switching equipment, transmission equipment
and cable network are as follows:</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif 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;margin-left:.5in;width:96.14%;">
 <tr>
  <td valign=bottom width=60% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Currencies</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Amounts in foreign currencies</font></b></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">(in millions)</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Equivalent in rupiah</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Rupiah</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">9,837</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">U.S. dollar</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">512</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">6,349</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Euro</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">0.35</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">5</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=60% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">SGD</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">0.40</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">4</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=60% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Total</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">16,195</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
above balance includes the following significant agreements: </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:58.5pt;text-align:justify;text-indent:-22.5pt;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:58.5pt;text-align:justify;text-indent:-22.5pt;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(i)&#160;&#160;&#160;&#160; The Company</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:58.5pt;text-align:justify;text-indent:-22.5pt;"><font color=windowtext face=arial,sans-serif 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;margin-left:58.5pt;width:93.72%;">
 <tr style="height:1.0pt;">
  <td valign=top width=34% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Contracting parties</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Initial date of
  agreement</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Significant
  provisions of the agreement</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and PT Industri
  Telekomunikasi Indonesia</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">December 30, 2010</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Procurement
  and installation agreement for cooper wire access modernization through Trade
  In/Trade Off method</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and PT Len Industri (Persero)</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">March 29, 2012</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Procurement and installation agreement for
  cooper wire access modernization through Trade In/Trade Off method</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and PT Ketrosden Triasmitra-PT
  Nautic Maritime Salvage Consortium</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">August 30, 2012</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Procurement and installation agreement for
  &#8220;Sistem Komunikasi Kabel Laut&#8221; (SKKL) Luwuk-Tutuyan Cable System (LTCS)</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and Furukawa and Partners Consortium</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">November 14, 2012</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Procurement and installation of Outside
  Plant Fiber To The Home (OSP FTTH) DIVA Regional V and VII</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and JF DJAFA Consortium</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">November 14, 2012</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Procurement and installation agreement of
  OSP FTTH DIVA Regional II</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and ASN-PT Lintas Consortium</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">May 6, 2013</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Procurement and installation agreement of
  Sulawesi Maluku Papua Cable System (SMPCS) project</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and NEC Corp-PT NEC Indonesia
  Consortium</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">May 28, 2013</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Procurement and installation of SMPCS package-2</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014 </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">41.
SIGNIFICANT COMMITMENTS AND AGREEMENTS (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">a.&#160;&#160; Capital expenditures (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:58.5pt;text-align:justify;text-indent:-22.5pt;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:58.5pt;text-align:justify;text-indent:-22.5pt;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(i)&#160;&#160;&#160;&#160; The Company
(continued)</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:58.1pt;width:93.76%;">
 <tr style="height:1.0pt;">
  <td valign=top width=34% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Contracting parties</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Initial date of
  agreement</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=39% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Significant
  provisions of the agreement</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and PT Datacomm Diangraha</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">June 26, 2013</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Procurement and installation agreement for
  expansion and Maintenance Support (MS) Service for Metro Ethernet Platform
  ALU</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and PT Lintas Teknologi
  Indonesia</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">July 22, 2013</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Procurement and installation agreement for
  expansion of DWDN platform ALU</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and PT Cisco Technologies
  Indonesia</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">November 14, 2013</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The partnership for procurement and
  installation agreement of WIFI CISCO</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and PT NEC Indonesia</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">November 29, 2013</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Procurement and installation agreement for
  IP Radio Equipment for Backhaul Node-B Telkomsel Package-3 Platform NEC </font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and PT Huawei Tech Investment</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">December 6, 2013 </font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Procurement and installation agreement for
  IP Radio Equipment for Backhaul Node-B Telkomsel Package-2 Platform Huawei</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and QNet Indonesia</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">July 22, 2014</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Procurement and installation of SKKL
  Broadband Network Division</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The Company and Thales Alenia Space France</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">July 14, 2014</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Telkom-3 Substitution (T3S) Satellite
  System</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:.5in;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(ii)&#160;&#160; Telkomsel</font></i></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif 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;margin-left:58.1pt;width:93.76%;">
 <tr style="height:1.0pt;">
  <td valign=top width=34% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Contracting parties</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Initial date of agreement</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Significant
  provisions of the agreement</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Telkomsel, PT
  Ericsson Indonesia, Ericsson AB, PT Nokia Siemens Networks, </font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">NSN&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> Oy and
  Nokia Siemens Network GmbH &amp; Co. KG</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">April</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;"> 17,</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> 2008</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">The c</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">ombined 2G and 3G CS Core Network
  Rollout Agreements</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Telkomsel, PT
  Ericsson Indonesia and PT Nokia Siemens Networks</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=23% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">April </font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">17, </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">2008&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Technical Service Agreement (TSA) for c</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">ombined 2G
  and 3G CS Core Network</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Telkomsel, PT
  Ericsson Indonesia, Ericsson AB, PT Nokia Siemens Networks, </font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">NSN&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> Oy, Huawei
  International Pte. Ltd., PT Huawei and PT ZTE Indonesia</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">March and</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> Jun</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">e </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">2009&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">2G BSS and 3G UTRAN</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;"> R</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">oll</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">o</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">ut&nbsp;</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;"> agreement for the
  provision of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">2G
  GSM BSS and 3G UMTS</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">
  Radio Access Network</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Telkomsel, PT Packet
  Systems Indonesia and PT Huawei</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">February 3, 2010</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Maintenance and
  procurement of equipment and related service agreement for Next Generation
  Convergence IP RAN Rollout and Technical Support</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Telkomsel, PT </font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Dimension Data</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> Indonesia
  and
  PT
  Huawei</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">February 3, 2010</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Maintenance and
  procurement of equipment and related service agreement for Next Generation
  Convergence Core Transport Rollout and Technical Support</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Telkomsel, Amdocs
  Software Solutions Limited Liability Company and PT Application Solutions</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:left;text-indent:-.25in;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">February 8, 2010</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Online Charging
  System (&#8220;OCS&#8221;) and Service Control Points (&#8220;SCP&#8221;) System Solution
  Development  Agreement  </font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Telkomsel and PT Application Solutions</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">February 8,
  2010</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Technical Support Agreement to provide
  technical support services for the OCS and SCP</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Telkomsel,
  Amdocs Software Solutions Limited Liability Company and PT Application
  Solutions</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">July 5, 2011</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Development
  and Rollout agreement for Customer Relationship Management and Contact Center
  solutions</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Telkomsel
  and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">PT
  Ericsson Indonesia</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">December 21, 2011</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Development
  and Rollout Operating Support System (&#8220;OSS&#8221;) agreement</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Telkomsel
  and Huawei International Pte. Ltd. and PT Huawei</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">July 17, 2012</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">CS
  Core System Rollout and CS Core System Technical Support agreement</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">41.&#160; SIGNIFICANT COMMITMENTS AND
AGREEMENTS</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
(continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">a.&#160;&#160; Capital expenditures</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></b></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:.5in;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(ii)&#160;&#160; Telkomsel (continued)</font></i></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:.5in;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:58.1pt;width:93.76%;">
 <tr style="height:1.0pt;">
  <td valign=top width=34% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Contracting parties</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Initial date of
  agreement</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=39% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Significant
  provisions of the agreement</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Telkomsel
  and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">PT
  Ericsson Indonesia</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">March 25, 2013</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Technical
  Support Agreement (TSA) for the procurement of Gateway GPRS Support Node
  (&#8220;GGSN&#8221;) Service Complex agreement</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">Telkomsel
  and Wipro Limited, Wipro Singapore Pte. Ltd. and PT WT Indonesia</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">April 23, 2013</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Development
  and procurement of OSDSS Solution agreement</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Telkomsel
  and </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">PT
  Ericsson Indonesia</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=SV style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">October 22, 2013</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Procurement
  of GGSN Service Complex Rollout agreement</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;text-indent:35.45pt;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(iii)&#160;&#160; GSD</font></i></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:58.1pt;width:93.76%;">
 <tr style="height:1.0pt;">
  <td valign=top width=34% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Contracting parties</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Initial date of agreement</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=39% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Significant
  provisions of the agreement</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">TLT and PT Adhi Karya</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">November 6,</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> 20</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">12&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Service arrangement structure and main
  contractor architecture for Telkom Landmark Tower Building development
  project</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">TLT and PT Indalex</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">February 11, 2013</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Procurement agreement for the Fa&#231;ade
  construction phase I unitized system Tower I and Tower II of Telkom Landmark
  Tower Building</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">G</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">SD&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;"> and PT
  Waskita Karya</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">June 25,
  2014</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Development of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:8.0pt;">Infomedia&#8217;</font><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">s building agreement</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:49.5pt;text-align:justify;text-indent:-13.5pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(iv)&#160;&#160; TII</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif 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;margin-left:58.1pt;width:93.76%;">
 <tr style="height:1.0pt;">
  <td valign=top width=34% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Contracting parties</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=23% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Initial date of agreement</font></b></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=39% style="border-bottom:solid windowtext 1.0pt;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Significant
  provisions of the agreement</font></b></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">TL, Ericsson AB and PT Ericsson Indonesia</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">November 2, 2012</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Operational Supporting System (OSS), Base
  Sub Station (BSS) and Value Added System (VAS) System Rollout and Radio
  Access Network (RAN) and Core System Rollout agreement</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:1.0pt;">
  <td valign=top width=34% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">TL and PT Cascadiant Indonesia</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">December 31, 2012</font></p>
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">November 20, 2013</font></p>
  </td>
 <td valign=top width=2% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=39% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Purchase of equipment phase I agreement</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">Purchase of equipment phase II agreement</font></p>
  </td>
 <td valign=top width=1% style="height:1.0pt;padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">b.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Borrowings
and other credit facilities</font></b></p>

<p style="margin-bottom:0in;margin-left:27.0pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-9.0pt;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:5.0pt;">&nbsp;</font></p>

<p style="margin-bottom:6.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(i)&#160;&#160;&#160;&#160; As
of </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">, the Company has bank guarantee
facilities for tender bond, performance bond, maintenance bond, deposit
guarantee and advance payment bond for various projects of the Company, as
follows:</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:58.5pt;width:93.72%;">
 <tr>
  <td rowspan=2 valign=bottom width=38% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">Lenders</font></b></p>
  </td>
 <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">Total facility</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">Maturity</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td rowspan=2 valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">Currency</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=23% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">Facility utilized</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=bottom width=2% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">Original currency
  (in millions)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">Rupiah equivalent</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">BRI</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">350</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">March 14, 2016</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">Rp</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">69</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">US$</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">2</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">BNI</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">250</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">March 31, 2015</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">Rp</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">81</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">US$</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">5</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">EUR</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">0</font></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">Bank Mandiri</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">150</font></p>
  </td>
 <td valign=top width=2% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">December 23, 2015</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">Rp</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">-</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">52</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">Total</font></b></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">750</font></b></p>
  </td>
 <td valign=top width=2% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=11% style="background:#c6d9f1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">209</font></b></p>
  </td>
 <td valign=top width=1% style="background:#c6d9f1;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:6.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>





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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">110</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></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=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>41.&nbsp; SIGNIFICANT COMMITMENTS AND AGREEMENTS (continued)</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>b.&nbsp;&nbsp; Borrowings and other credit facilities (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -13.5pt; MARGIN: 0in 0in 0pt 49.5pt"><FONT style="FONT-SIZE: 1pt" lang=EN-US color=windowtext face=arial,sans-serif>&nbsp;&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -24.75pt; MARGIN: 0in 0in 0pt 60.75pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(ii)&nbsp;&nbsp;&nbsp;&nbsp; Telkomsel has a US$3 million bond and bank guarantee</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> and</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> standby letter of credit facilit</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ies&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> with SCB, Jakarta. The facilities will expire on July 31, 2015. Under these facilities, as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, Telkomsel has issued a bank guarantee of Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>20&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion (equivalent to US$</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1.6&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> million) for a 3G performance bond (Note 41c.i). The bank guarantee </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>is valid</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> until </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>March 24</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, 2015.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 60.75pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Telkomsel has a Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>5</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>00 billion bank guarantee facilitiy with BRI. The facility will expire on </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>March 25</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, 201</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>6</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. Under this facility, as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, Telkomsel has issued a bank guarantee of Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>177&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion (equivalent to US</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>$14.2 </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>million) as </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>payment commitment guarantee for annual right of usage fee valid until March 31, 2015.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> &nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 60.75pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Telkomsel has a Rp150 billion bank guarantee </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>facility </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>with BCA. The </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>facility will expire on</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> April 15, 2015. Under this facility, as of December 31, 2014, Telkomsel has issued a bank guarantee of Rp20 billion (equivalent to US$1.6 million) </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>as&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> a 3G performance bond (Note 41c.i).</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 60.75pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Telkomsel has also a Rp100 billion bank guarantee facility with BNI. The facility will expire on December 11, 201</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>5</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>. Telkomsel uses this facility to replace the time deposit required as guaranty for the USO program amounting to Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>53&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> (Note 41c.v)</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -24.75pt; MARGIN: 0in 0in 0pt 60.75pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(iii)&nbsp;&nbsp;&nbsp; TII has a US$15 million bank guarantee from Bank Mandiri. The facility expires on December&nbsp;1</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>8</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, 201</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>5</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> The </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>outstanding bank guarantee facility as of</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> December 31, 2014 amount</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ing&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> to US$10 million</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>c.&nbsp;&nbsp; Others</FONT></B></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(i)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>3G license</FONT></U></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>With reference to the Decision Letters No. 07/PER/M.KOMINFO/2/2006, No.&nbsp;268/KEP/M.KOMINFO/9/2009 and No. 191 year 2013 of the MoCI (Note 2i), Telkomsel is required, among other things, to:</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -15pt; MARGIN: 0in 0in 0pt 70pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>1.&nbsp; Pay an annual BHP fee which is calculated based on a certain formula over the license term (10&nbsp;years) as set forth in the Decision Letters. The BHP is payable upon receipt of the notification letter (&#8220;Surat Pemberitahuan Pembayaran&#8221;) from the DGPI. The BHP fee is payable annually up to the expiry date of the license.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>2.&nbsp;&nbsp; Provide roaming access for the existing other 3G operators.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>3.&nbsp;&nbsp; Contribute to USO development.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>4.&nbsp;&nbsp; Construct a 3G network which covers at least 14 provinces by the sixth year of holding the 3G license.</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>5.&nbsp;&nbsp; Issue a performance bond each year amounting to Rp20 billion or 5% of the annual fee to be paid for the subsequent year, whichever is higher. </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=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

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<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>41.&nbsp; SIGNIFICANT COMMITMENTS AND AGREEMENTS (continued)</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>c.&nbsp;&nbsp; Others (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(ii)&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Radio Frequency Usage </FONT></U></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Based on the Decree No. 76 dated December 15, 2010 of the Government of the Republic of Indonesia, which amended Decree No. 7 dated January 16, 2009, the annual frequency usage fees for bandwidths of 800 Megahertz (&#8220;MHz&#8221;), 900 MHz and 1800 MHz are determined using a formula set forth in </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Decree. The Decree is applicable for 5 years unless further amended.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As an implementation of the above Decree, the Company and Telkomsel paid the first</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, second and third </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>year annual frequency usage fees in 2010</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, 2011</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 201</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, respectively.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Based on Decision Letters No. 881 dated September 10, 2013 and No. 884 dated September 10, 2013, the MoCI determined that the fourth year (Y<SUB>4</SUB>), 2013, annual frequency usage fees of the Company and Telkomsel were Rp213 billion and Rp1,649 billion, respectively. The fees were paid in December 2013 (Note 2i).</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>On June 27, 2014, the Company signed a Conditional Business Transfer Agreement with Telkomsel for transfer</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>r</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ing Flexi business. In order to maximize its business opportunities </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>from&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> group synergy, the Company intend</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ed&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> to restructure </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>its&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> Flexi business unit by </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ceasing&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> the</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> respective</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> fixed wireless telecommunication network services and transfer</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ring&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> it to Telkomsel (Note 5). </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 54.6pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Based on Decision Letter No. 934 dated September 26, 2014, the MoCI approved t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>he transfer of the Company&#8217;s frequency</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> usage license </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>on radio frequency spectrum of 800 MHz, specifically on spectrum of 880-887.5 MHz paired with 925-932.5 MHz, to Telkomsel, Telkomsel can use the radio frequency spectrum since the decision letter was issued.</FONT><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face=arial,sans-serif> &nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 54.6pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>During the trans</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>ition&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> p</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>eriod</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, the Company </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>is </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>still able to use the radio frequency </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>spectrum of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>880-887.5 MHz </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>paired&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> with 925-932.5 MHz until December 31, 2014.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 54.6pt"><FONT style="FONT-SIZE: 6pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Based on Decision Letters No. 940 dated September 26, 2014, MoCI determined that the fifth year (Y5), 2014, annual frequency usage fee of Telkomsel was Rp2,198 billion. The fee includes frequency usage fee transfe</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>r</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>red from Company to Telkomsel and </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>were&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> paid in December 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(iii)&nbsp; </FONT><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Apple, Inc</FONT></U></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>On January 9 and July 16, 2009, Telkomsel entered into agreements with Apple, Inc for the purchase of iPhone products, marketing it to customers using third part</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ies&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> (PT Trikomsel OKE</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> and PT Mitra Tel</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>e</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>komunikasi Selular</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>) and providing cellular network services over a 3-year term. Subsequently, on July 16, 2012, Telkomsel replaced the agreements with a new agreement. Cumulative minimum iPhone units to be purchased up to June 2015 are at least 500,000 units.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -14.2pt; MARGIN: 0in 0in 0pt 14.2pt"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(iv) </FONT><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Future Minimum Lease Payments of Operating Lease</FONT></U></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group entered into non-cancelable lease agreements with both third and related parties. The lease agreements cover leased lines, telecommunication equipment and land and building with terms ranging from 1 to 10 years and with expiry dates between 20</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>5&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 20</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>2</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>4</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&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=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>41.&nbsp; SIGNIFICANT COMMITMENTS AND AGREEMENTS (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -14.2pt; MARGIN: 0in 0in 0pt 14.2pt"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>c.&nbsp;&nbsp; Others</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 56.7pt"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(iv)&nbsp; </FONT><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Future Minimum Lease Payments of Operating Lease (continued)</FONT></U></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 56.7pt"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>Future minimum lease payments under the operating lease agreements as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif> are as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 56.7pt"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

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<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="27%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Less than 1 year</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>1-5 years</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>More than 5 years</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>As lessee</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>29,373</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>3,847</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>13,217</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>12,309</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>As lessor</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>4,134</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>970</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>2,238</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>926</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(v)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>USO&nbsp;</FONT></U></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The MoCI issued Regulation No. 15/PER/M.KOMINFO/9/2005 dated September 30, 2005, which sets forth the basic policies underlying the USO program and requires telecommunications operators in Indonesia to contribute 0.75% of their gross revenues (with due consideration for bad debts and interconnection charges) for USO development. Based on the Government&#8217;s Decree No.&nbsp;7/2009 dated January 16, 2009, the contribution was changed to 1.25% of gross revenues, net of bad debts and/or interconnection charges and/or connection charges. Subsequently, in December 2012, Decree No. 05/PER/M.KOMINFO/2/2007 was replaced by Decree No. 45 year 2012 of the MoCi which was effective from January 22, 2013. The Decree stipulates, among other things, the exclusion of certain revenues that are not considered as part of gross revenues as a basis to calculate the USO charged, and changed the payment period which was previously on a quarterly basis to become quarterly or semi-annually.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Based </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>on </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>MoCI Decree No. 32/PER/M.KOMINFO/10/2008 dated October 10, 2008 which replaced MoCI Decree No.&nbsp;11/PER/M.KOMINFO/04/2007 dated April 13, 2007 and MoCI Decree No. 38/PER/M.KOMINFO/9/2007 dated September 20, 2007, it is stipulated that, among others, in providing telecommunication access and services in rural areas (USO&nbsp;Program), the provider is determined through a selection process by </FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Balai Telekomunikasi dan Informatika Pedesaan </FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(&#8220;BTIP&#8221;) which was established based on MoCI Decree No.&nbsp;35/PER/M.KOMINFO/11/2006 dated November 30, 2006.</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Subsequently, based on Decree No.&nbsp;18/PER/M.KOMINFO/11/2010 dated November 19, 2010 of MoCI, BTIP was changed to </FONT><I><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Balai Penyedia dan Pengelola Pembiayaan Telekomunikasi dan Informatika</FONT></I><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> (&#8220;BPPPTI&#8221;).</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -16.65pt; MARGIN: 0in 0in 0pt 72.9pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Company&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>On March 12, 2010, the Company was selected in a tender by the Government through BTIP to provide internet access service centers for USO sub-districts for a total amount of Rp322&nbsp;billion, covering Nanggroe Aceh Darussalam, North Sumatera, North Sulawesi, Gorontalo, Central Sulawesi, West Sulawesi, South Sulawesi and South East Sulawesi.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>On December 23, 2010, the Company was selected in a tender by the Government through BTIP to provide mobile internet access service centers for USO sub-districts for a total amount of Rp528 billion, covering Jambi, Riau, Kepulauan Riau, North Sulawesi, Central Sulawesi, Gorontalo, West Sulawesi, South East Sulawesi, Central Kalimantan, South Sulawesi, Papua and West Irian Jaya.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>113</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are originally issued in
Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">41.&#160; SIGNIFICANT COMMITMENTS AND AGREEMENTS (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:115%;">c.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Others
(continued)</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(v)&#160; </font><u><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">USO&nbsp;</font></u><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
(continued)</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.25in;text-align:justify;text-indent:-33.75pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">b.</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Telkomsel&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">On
January 16 and 23, 2009, Telkomsel was selected in a tender by the Government
through BTIP to provide telecommunication access and services in rural areas
(USO&nbsp;Program) for a total amount of Rp1.66 trillion, covering all
Indonesian territories except Sulawesi, Maluku and Papua. Telkomsel will obtain
local fixed-line licenses and the right to use radio frequency in the 2390 MHz
- 2400 MHz bandwith.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Subsequently,
in 2010 and 2011, the agreements with BTIP were amended, which amendments
cover, among other things, changing the price to Rp1.76 trillion and changing
the term of payment from quarterly to monthly or quarterly. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">In
January 2010, the MoCI granted Telkomsel operating licenses to provide local
fixed-line services under the USO program.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">On
December 27, 2011, Telkomsel (on behalf of Konsorsium Telkomsel, a consortium
which was established with Dayamitra on December 9, 2011) was selected by
BPPPTI as a provider of the USO Program in the border areas for all packages
(package 1 to package 13) with a total price of Rp830 billion. On such date,
Telkomsel was also selected by BPPPTI as a provider of the USO Program
(upgrading) of &#8220;Desa Pinter&#8221; or &#8220;Desa Punya Internet&#8221; for 1, 2 and 3 packages
with a total price of Rp261 billion. </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">On
March 31, 2014, the USO program</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
for the 1<sup>st</sup>,<sup> </sup>2<sup>nd</sup>,<sup> </sup>3<sup>rd</sup>,<sup>
</sup>6<sup>th </sup>and 7<sup>th</sup> </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">packages
had ceased. As
of</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> September </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">1</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">8, 2014, Telkomsel filed an
arbitration claim with the Indonesia National Board of Arbitration for the
settlement of the outstanding receivable from BPPPTI. As of December 31, 2014,
the outstanding accounts receivable balance from </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">those USO program</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> amounted to Rp108 billion. As of the </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">issuance </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">date of the consolidated financial
statements, the arbitration claim</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">
is</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> still in
process.&#160; </font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:1.0in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">For
the years ended </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December
31, 2014</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and 2013</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">,&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> the Company and Telkomsel recognized
the following amounts:</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;margin-left:.75in;width:94.2%;">
 <tr style="height:.1in;">
  <td valign=bottom width=59% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=20% style="border-bottom:solid windowtext 1.0pt;height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=59% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Revenues</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=59% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Construction</font></p>
  </td>
 <td valign=bottom width=20% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:10.0pt;">1</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">67</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=59% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Operation
  of telecommunication service centre</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">180</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">508</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=59% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Profits</font></p>
  </td>
 <td valign=bottom width=20% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=59% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Construction</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:10.0pt;">0</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=20% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">11</font></p>
  </td>
 <td valign=bottom width=1% style="background:#c6d9f1;height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:.1in;">
  <td valign=bottom width=59% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;margin-left:.15in;text-align:left;"><font color=windowtext face=arial,sans-serif style="font-size:10.0pt;">Operation
  of telecommunication service centre</font></p>
  </td>
 <td valign=bottom width=20% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:10.0pt;">(139</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-GB style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=20% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">150</font></p>
  </td>
 <td valign=bottom width=1% style="height:.1in;padding:0in 0in 0in 0in;">
  <p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As
of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31,
2014 and 2013</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the
Company&#8217;s and Telkomsel&#8217;s trade receivables from the USO programs which are measured at amortized cost
using the effective interest rate
method amount to Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">655&nbsp;</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">and Rp654</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> billion</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">, respectively </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(Notes 6 and 12).</font></p>

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<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are originally issued in
Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">41.&#160; SIGNIFICANT COMMITMENTS AND
AGREEMENTS (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">c.</font></b><b><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:115%;">&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Others (continued)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">(</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">vi)&#160; </font><u><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Trademark License
Agreement</font></u></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">On June 23, 2014, TII signed an agreement with Mobile
Telecommunication Company (Zain Saudi Arabia) for the telecommunications
product and service trademark license agreement over a 5-year term has elapsed
from the effective date. Subsequently, on November 7, 2014, TII signed an
agreement with Al Lama Group for distributions and sales of SIM Card and
exploration of other business opportunities in Saudi Arabia.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">42.&#160; CONTINGENCIES</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">In
the ordinary course of business, the Group has been named as defendants in
various legal actions in relation with land disputes, monopolistic practice and
unfair business competition and SMS cartel practices. Based on management's
estimate of the probable outcomes of these matters, the Group has recognized
provision for losses amounting to Rp</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">25</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;billion
as of </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December
31, 2014</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">. &nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-14.15pt;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">a.</font><font color=windowtext face="times new roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company,
Telkomsel and seven other local operators are being investigated by The
Commission for the Supervision of Business Competition (&#8220;</font><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Komisi Pengawasan
Persaingan Usaha</font></i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8221; or &#8220;KPPU&#8221;) for allegations of SMS cartel practices. As a
result of the investigations on June 17, 2008, KPPU found that the Company,
Telkomsel and certain other local operators had violated Law No. 5 year 1999
article 5 and charged the Company and Telkomsel penalty in the amounts of Rp18
billion and Rp25 billion, respectively.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Management
believes that there are no such cartel practices that led to a breach of
prevailing regulations. Accordingly, the Company and Telkomsel filed an appeal
with the Bandung District Court and South Jakarta District Court on July 14,
2008 and July 11, 2008, respectively. </font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;">Due to the filing of
case by operators in various courts, the KPPU subsequently requested the
Supreme Court (SC) to consolidate the cases into the Central Jakarta District
Court. Based on the SC&#8217;s decision letter dated April&nbsp;12, 2011, the SC </font><font color=windowtext face=arial,sans-serif lang=X-NONE style="background:white;font-size:10.0pt;">appointed the </font><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;">Central Jakarta District Court </font><font color=windowtext face=arial,sans-serif lang=X-NONE style="background:white;font-size:10.0pt;">to investigate and resolve the case.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:7.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As
of the issuance date of the consolidated financial statements, there has not
been any notification on the case from the court.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:36.7pt;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-18.7pt;"><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;layout-grid-mode:char;">b.</font><font color=windowtext face="times new roman" lang=X-NONE style="font-size:7.0pt;layout-grid-mode:char;">&nbsp;&nbsp;&nbsp; </font><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:10.0pt;layout-grid-mode:char;">The
Company is a defendant in a case filed in Makassar District Court by Andi
Jindar Pakki and his affiliates over a land property
on Jl. A.P. Pettarani. On May 8, 2013, the court pronounced its
verdict and ordered the Company to pay fair compensation or to vacate and
surrender the disputed land to the plaintiffs.</font></p>

<p style="margin-bottom:.0001pt;margin-left:36.7pt;margin-right:0in;margin-top:0in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=X-NONE style="font-size:4.0pt;layout-grid-mode:char;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:35.45pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">On
May 20, 2013</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">,&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> the Company filed an appeal
to the Makassar High Court, objecting to the District Court</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#8217;s&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> ruling. </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">I</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">n December 2013, </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">the </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Makassar High Court </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">pronounced its verdict </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">that is favorable </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">to&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> the </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">plaintiffs&nbsp;</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">
and the Company filed an appeal to the S</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">C</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">. In January 2015, </font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">t</font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">he Company received the S</font><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">C </font><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Notice regarding the case (Note 47a).</font><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;"> &nbsp;</font></b></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>





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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>43.&nbsp; ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES</FONT></B></P>

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<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Assets and liabilities denominated in foreign currencies are as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 27pt"><B><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><SUP><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B></SUP>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><SUP><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B></SUP>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>U.S. dollar (in millions)</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Japanese yen (in millions)</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Others* (in millions)</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Rupiah equivalent (in billions)</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Assets</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Cash and cash equivalents</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>364.47</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>8.45</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>15.59</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>4,721</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Other current financial assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>15.50</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>193</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Trade receivables</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Related parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>2.05</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>26</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Third parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>72</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>.</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>88</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>2.83</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>938</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Other receivables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>0.39</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>0.11</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Advances and other non-current assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>4.06</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>0.05</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>52</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Total assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>459.35</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>8.45</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>18.58</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>5,936</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Liabilities</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Trade payables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Related parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(0.21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(0.16</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(5</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Third parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(215.68</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(19.36</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(3.41</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(2,725</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Other payables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(3.42</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(1.15</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(57</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Accrued expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(65.91</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(27.39</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(1.02</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(836</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>Short</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>term bank loan</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(100.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(1,244</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Advances from customers and suppliers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(2.41</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(0.07</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(31</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Current maturities of long-term liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(34.60</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(767.90</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(510</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Promissory notes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(7.16</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(88</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Long-term liabilities - net of current maturities</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(71.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(6,911.08</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(1,597</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Total liabilities</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(500.39</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(7,725.73</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(5.81</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(7,093</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Liabilities - net</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(41.04</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(7,717.28</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>12.77</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>(1,157</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 27pt"><B><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="66%" colSpan=7>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>U.S. dollar (in millions)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Japanese yen (in millions)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Others* (in millions)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Rupiah equivalent (in billions)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Assets</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Cash and cash equivalents</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>394.30</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>1.23</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>11.42</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>4,940</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Other current financial assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>10.78</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>131</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Trade receivables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Related parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>2.44</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>30</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Third parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>66.27</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>0.17</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>808</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Other receivables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>0.68</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>0.13</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>10</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Advances and other non-current assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>5.76</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>70</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Total assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>480.23</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>1.23</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>11.72</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>5,989</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Liabilities</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Trade payables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Related parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(1.40</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(17</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Third parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(275.35</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(4.33</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(3,409</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Other payables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(7.62</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(0.09</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(94</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Accrued expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(51.41</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(18.63</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(0.01</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(629</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Short-term bank loan</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Advances from customers and suppliers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(1.60</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(0.01</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(20</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Current maturities of long-term liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(34.85</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(767.90</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(514</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Promissory notes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(28.67</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(349</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Long-term liabilities - net of current maturities</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(78.82</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(7,678.98</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(1,850</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Total liabilities</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(479.72</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(8,465.51</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(4.44</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(6,882</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Liabilities - net</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>0.51</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(8,464.28</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>7.28</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(893</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -6.3pt; MARGIN: 0in 0in 0in 24.75pt"><FONT style="FONT-SIZE: 7pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -6.3pt; MARGIN: 0in 0in 0in 24.75pt"><FONT style="FONT-SIZE: 7pt" lang=X-NONE color=windowtext face=Arial,sans-serif>* Assets and liabilities denominated in other foreign currencies are presented as U.S. dollar equivalents using the buy and sell rates quoted by Reuters prevailing at the end of the reporting period.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>116</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>43.&nbsp; ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> (continued)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group&#8217;s activities expose them to a variety of financial risks, including the effects of changes in debt and equity market prices, foreign currency exchange rates, and interest rates.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>If the Group reports monetary assets and liabilities in foreign currencies as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> using the exchange rates on</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> February 27</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2015</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, the unrealized foreign exchange </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>loss </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>will increase by </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Rp56&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion.</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>44.&nbsp; FINANCIAL RISK MANAGEMENT </FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.75in; MARGIN: 0in 0in 0in 1in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1.</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Financial risk management</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group&#8217;s activities expose it to a variety of financial risks such as market risks (including foreign exchange risk and interest rate risk), credit risk and liquidity risk. Overall, the Group&#8217;s financial risk management program is intended to minimize losses on the financial assets and financial liabilities arising from fluctuation of foreign currency exchange rates and the fluctuation of interest rates. Management has a written policy for foreign currency risk management mainly on time deposit placements and hedging to cover foreign currency risk exposures for periods ranging from 3 up to 12 months.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Financial risk management is carried out by </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>he </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>Corporate Finance</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> unit under policies approved by the Board of Directors. The </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>Corporate Finance unit</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> identifies, evaluates and hedges financial risks.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>a.</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Foreign exchange risk</FONT></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0.15pt; MARGIN: 0in 0in 0pt 53.85pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>The Group </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>is&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> exposed to foreign exchange risk on sales, purchases and borrowings that are denominated in foreign currencies. The foreign currency denominated transactions are primarily in U.S. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>dollars&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> and Japanese </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>y</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>en. The Group</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>&#8217;s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> exposure</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> to other foreign exchange rates are not material.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Increasing risks of foreign currency exchange rates on the obligations of </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>he Group are expected to be offset by</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif> the effects of the exchange rates on</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> time deposits and receivables in foreign currencies that are equal to at least 25% of the outstanding </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>current </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>liabilities.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>The following</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif> table </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>presents </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>he Group</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>&#8217;s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> financial assets and </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>financial </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>liabilities </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>exposure to foreign currency risk:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0pt 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2014</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=Arial,sans-serif>2013</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=Arial,sans-serif>U.S. dollar (in billions)</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=Arial,sans-serif>Japanese yen (in billions)</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=Arial,sans-serif>U.S. dollar (in billions)</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Japanese yen (in billions)</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Financial assets</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=Arial,sans-serif>0.4</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>6</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=Arial,sans-serif>0.01</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>0.48</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>0.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Financial liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=Arial,sans-serif>(0.50</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=Arial,sans-serif>(7.73</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(0.48</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(8.47</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Net exposure</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=Arial,sans-serif>(0.0</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>4</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=Arial,sans-serif>(7.72</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>0.00</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(8.47</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.75in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>117</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>44.&nbsp; FINANCIAL RISK MANAGEMENT (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1in"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1.</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Financial risk management</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif> (continued)</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 56.7pt; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>a.</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Foreign exchange risk</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif> (continued)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.75in; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>Sensitivity analysis</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>A strengthening of the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>U</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.S.dollar and</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> Japanese </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>y</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>en</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, as indicated below, against the rupiah at </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> would have decreased equity and profit or loss by the amounts shown below. This analysis is based on foreign currency exchange rate variances that the Group considered to be reasonably possible at the reporting date. The analysis assumes that all other variables, in particular interest rates, remain constant. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Equity/loss</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>December 31, 2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>U.S. dollar (1% strengthening)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>5</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Japanese yen (5% strengthening)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>(40</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 55pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>A weakening of the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>U</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.S.d</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>ollar&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> Japanese </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>y</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>en&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> against the rupiah at </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> would have had an equal but opposite effect on the above currencies to the amounts shown above, on the basis that all other variables remain constant.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 55pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 1pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 17pt; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>b.&nbsp;&nbsp; Market price risk</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 17pt; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>The Group </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>is&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> exposed to cha</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>n</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>ges in debt and equity market prices related to available-for-sale investments carried at fair value. Gain</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> and losses arising from changes in the fair value of available-for-sale investments are recognized in equity.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -18.2pt; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>The performance of </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>he Group</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>&#8217;s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> available-for-sale investments </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>is&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> monitored periodically, together with a regular asses</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>s</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>ment of their relevance to </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>he Group</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>&#8217;s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> long</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>-</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>term strategic plans.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -18.2pt; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-AU color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face=Arial,sans-serif>As of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face=Arial,sans-serif>, management considered the price risk for the Group&#8217;s available-for-sale investments to be immaterial in terms of the possible impact on profit or loss and total equity from a reasonably possible change in fair value.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -18.2pt; MARGIN: 0in 0in 0in 54.6pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>c.&nbsp;&nbsp; Interest rate risk</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 17pt; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Interest rate fluctuation is monitored to minimize any negative impact to financial p</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>erformance</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>. Borrowings at variable interest rates expose </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>he Group to interest rate risk (Notes </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>17, 18, </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>1</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>9, 20 </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>and&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> 21</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>). To measure market risk </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>pertaining to </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>fluctuations in interest rates, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>he Group primarily use</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> interest margin and maturity profile of the financial assets and liabilities based on changing schedule of the interest rate.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in"><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>At reporting date, the interest rate profile of the Group&#8217;s interest-bearing borrowings was as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Fixed rate borrowings</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(10,113</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>(9,591</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>Variable rate borrowings</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>(13,339</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>(10,665</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 17pt; MARGIN: 0in 0in 0in 0.25in"><B><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 53.85pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Sensitivity analysis for variable rate borrowings</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 53.85pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 53.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>A</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>s of December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>, a decrease (increase) by 25 basis points in interest rates of variable rate borrowings would have increased (decreased) equity and profit or loss by Rp</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>33&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> billion, respectively. This analysis assumes that all other variables, in particular foreign currency rates, remain constant.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>118</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>44.&nbsp; FINANCIAL RISK MANAGEMENT (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1in"><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1.</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Financial risk management</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif> (continued)</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 7pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>d.&nbsp;&nbsp; Credit risk</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>The following</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> table </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>presents </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>the maximum exposure to credit risk of the Group&#8217;s financial assets:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Cash and cash equivalents</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>17,6</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>72</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>14,696</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Other current financial assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2,797</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>6,872</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Trade and other receivables, net</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>6,848</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>6,421</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Long-term investments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>16</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Advances and other non-current assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>546</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>685</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>27,879</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>28,695</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 1pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 53.85pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>The Group is exposed to credit risk primarily from trade and other receivables. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The c</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>redit risk is managed by continuous monitoring </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>outstanding balances and collection</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face=Arial,sans-serif>Trade and other receivables do not have any major concentration risk whereas no customer </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>r</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face=Arial,sans-serif>eceivable balances exceed </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>4</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face=Arial,sans-serif>% of trade receivables of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-AU color=windowtext face=Arial,sans-serif>.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 7pt" lang=EN-AU color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Management is confident in its ability to continue to control and sustain minimal exposure </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>to&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> credit risk given that </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>he Group ha</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>s recogniz</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>ed sufficient </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>provision for impairment of receivables</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> to cover incurred loss arising from uncollectible receivables based on existing historical </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>data on credit losses</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 7pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>e.&nbsp;&nbsp; Liquidity risk</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.5in"><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Liquidity risk arises in situations where </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>he Group ha</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> difficulties in fulfilling financial liabilities when they become due. </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 7pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Prudent liquidity risk management implies maintaining sufficient cash in order to </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>meet t</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>he Group&#8217;</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> financial </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>obligations</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>. The Group continuously perform</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>s&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> an analysis to monitor </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>financial position</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> ratios, </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>such as </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>liquidity ratios</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif> and</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> debt</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>-to-</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>equity ratios</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>,&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif> against debt covenant requirements.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt 17.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The following is the maturity profile of the Group&#8217;s financial liabilities:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt 17.85pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 94.2%; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Carrying amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Contractua cash flows</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>2015</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>2016</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>2017</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>2018</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>201</FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>9&nbsp;</FONT></B><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif> and there after</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Trade and other payables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>11,944</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(11,944</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(11,944</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Accrued expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>5,211</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(5,211</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(5,211</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Loans and other borrowings</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Bank loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>13,740</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(16,468</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(6,830</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(3,172</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(2,552</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(2,099</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(1,815</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Obligations under finance leases</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>4,789</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(6,535</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(975</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(927</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(898</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(830</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(2,905</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Bonds and notes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>3,308</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(4,673</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(1,370</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(251</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(229</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(228</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(2,595</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Two-step loans</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>1,615</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(1,944</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(282</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(274</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(264</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(230</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(894</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>40,607</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(4</FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>6</FONT></B><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>,775</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(26,612</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(4,624</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(3,943</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(3,387</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif>(8,209)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>119</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>44.&nbsp; FINANCIAL RISK MANAGEMENT (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1in"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.75in; MARGIN: 0in 0in 0in 1in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1.</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Financial risk management</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif> (continued)</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>e.&nbsp;&nbsp; Liquidity risk</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif> (continued)</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Carrying amount</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Contractual cash flows</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>2015</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>2016</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>2017</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>2018 and thereafter</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>December 31, 2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><SUP><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><SUP><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><SUP><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></SUP>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Trade and other payables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>11,988</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(11,988</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(11,988</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Accrued expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>5,264</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(5,264</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(5,264</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Loans and other borrowings</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Bank loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>10,023</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(11,618</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(5,028</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(3,264</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(1,248</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(980</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(1,098</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.3in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Obligations under finance leases</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>4,969</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(6,904</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(1,070</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(885</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(847</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(813</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(3,289</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Two-step loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>1,915</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(2,308</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(292</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(285</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(278</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(271</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(1,182</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Bonds and notes</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>3,349</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(4,817</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(582</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(1,311</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(215</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(203</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>(2,506</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">37,508</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">(42,899</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">(24,224</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">(5,745</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">(2,588</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">(2,267</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">(8,075</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">)</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 53.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>The difference between the carrying amount and the contractual cash flows is interest value.</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><SUP><FONT style="FONT-SIZE: 1pt; TEXT-DECORATION: none" lang=EN-US color=windowtext face=arial,sans-serif></FONT></SUP>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1in"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -53.1pt; MARGIN: 0in 0in 0in 1in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>2.</FONT><FONT style="FONT-SIZE: 7pt" lang=X-NONE color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Fair value of financial assets and </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>financial </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>liabilities&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>a</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp;&nbsp;&nbsp; Fair value measurement</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.55pt; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.55pt; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Fair value is the amount for which an asset could be exchanged, or liability settled, in an arm&#8217;s length transaction.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 18.55pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Group determined the fair value measurement for disclosure purposes of each class of financial assets and financial liabilities based on the following methods and assumptions:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0pt 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(i)&nbsp;&nbsp; The fair values of short-term financial assets and financial liabilities with maturities of one year or less (cash and cash equivalents, trade receivables, other receivables, other current assets, trade payables, other payables, accrued expenses, and short-term bank loans), long-term investments, advances and other non-current assets are considered to </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>approximate their carrying amount</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>s </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>as the impact of discounting is not significant</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0pt 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(ii)&nbsp;&nbsp; Available-for-sale financial assets primarily consist of shares, mutual funds and Corporate and Government bonds. Shares and mutual funds actively traded in an established market are stated at fair value using quoted market price or, if unquoted, determined using a valuation technique. Corporate and Government bonds are stated at fair value by reference to prices of similar securities at the reporting date.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="DISPLAY: none" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>120</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>44.</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>FINANCIAL RISK MANAGEMENT (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1in"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>2.&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Fair value of financial assets and </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>financial </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>liabilities&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif> (continued)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>a</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp;&nbsp;&nbsp; Fair value measurement (continued)</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.55pt; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.3in; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>(iii)&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>The fair values of long-term </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>financial </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>liabilities are estimated by discounting the future contractual cash flows of each liability at rates offered to </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>he Group for similar </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>liabilities&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> of comparable maturities by the bankers of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>t</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>he Group, except for bonds which are based on market prices.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0.2pt 0pt 0in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 53.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The fair value estimates are inherently judgmental and involve various limitations, including:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0pt 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>a.&nbsp;&nbsp; Fair values presented do not take into consideration the effect of future currency fluctuations. </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 71.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>b.&nbsp;&nbsp; Estimated fair values are not necessarily indicative of the amounts that the Group would record upon disposal/termination of the financial assets and liabilities.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>b.&nbsp;&nbsp; Classification and fair value</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 53.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The following table presents the carrying value and estimated fair values of the Group's financial assets and liabilities based on their classifications:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="73%" colSpan=11>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><SUP><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B></SUP>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Trading</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Loans and receivables</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Available for sale</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Other Financial liabilities</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Total carrying amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Fair value</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Cash and cash equivalents</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>17,6</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=arial,sans-serif>7</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>17,6</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=arial,sans-serif>7</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>17,6</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=arial,sans-serif>7</FONT><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Other current financial assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>2,543</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>254</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>2,797</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>2,797</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Trade and other receivables, net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>6,848</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>6,848</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>6,848</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Long-term investments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>16</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>16</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>16</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Advances and other non-current assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=arial,sans-serif>546</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=arial,sans-serif>546</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>546</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Total financial assets</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=arial,sans-serif>27,609</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>270</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>27,879</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>27,879</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Trade and other payables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(11,944</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(11,944</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(11,944</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Accrued expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(5,211</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(5,211</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(5,211</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Loans and other borrowings</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Short-term bank loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(1,810</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(1,810</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(1,810</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Long-term bank loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(11,930</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(11,930</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(11,787</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Obligation under finance lease</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(4,789</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(4,789</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(4,789</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Bonds and notes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(3,308</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(3,308</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(3,355</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Two-step loans</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(1,615</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(1,615</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(1,650</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Total financial liabilities</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(</FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=arial,sans-serif>40,607</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(40,607</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(40,546</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 1pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 1pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 94.2%; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="22%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="78%" colSpan=11>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">December 31, 2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><SUP><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B></SUP>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="22%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">Trading</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">Loans and receivables</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">Available for sale</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">Other financial liabilities</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face="arial bold"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">Total carrying amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">Fair value</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Cash and cash equivalents</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>14,696</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>14,696</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>14,696</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Other current financial assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>6,600</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>272</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>6,872</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>6,872</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Trade and other receivables, net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>6,421</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>6,421</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>6,421</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Long-term investments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>21</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Advances and other non-current assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>685</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>685</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>685</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">Total financial assets</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">-</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">28,402</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">293</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">-</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">28,695</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">28,695</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>121</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>44.&nbsp; FINANCIAL RISK MANAGEMENT (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.75in; MARGIN: 0in 0in 0in 1in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>2.</FONT><FONT style="FONT-SIZE: 7pt" lang=X-NONE color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Fair value of financial assets and </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>financial </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>liabilities&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif> (continued)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>b.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Classification and fair value (continued)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 94.2%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><SUP><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B></SUP>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="73%" colSpan=11>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">December 31, 2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><SUP><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B></SUP>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">Trading</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">Loans and receivables</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">Available for sale</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">Other financial liabilities</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">Total carrying amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">Fair value</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face="arial bold"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Trade and other payables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(11,988</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(11,988</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(11,988</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Accrued expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(5,264</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(5,264</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(5,264</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Loans and other borrowings</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Short-term bank loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(432</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(432</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(432</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.3in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Obligations under finance leases</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(4,969</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(4,969</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(4,969</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Two-step loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(1,915</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(1,915</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(1,921</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Bonds and notes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(3,349</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(3,349</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(3,490</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>Long-term bank loans</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(9,591</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(9,591</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>(9,474</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">Total financial liabilities</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">-</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">-</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">-</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">(37,508</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">(37,508</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">(37,538</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face="arial bold">)</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>c</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp;&nbsp;&nbsp; Fair value hierarchy</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The table below presents the recorded amount of financial assets measured at fair value and limited mutual funds participation unit for debt-based securities where the Net Asset Value (&#8220;NAV&#8221;) per share of the investments information is not published as explained below:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 94.2%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>



<TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="69%" colSpan=7>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>December 31, 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="51%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Fair value measurement at reporting date using</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Balance</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Quoted prices in active markets for identical assets or liabilities(level 1)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Significant other observable Inputs (level 2)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Significant unobservable inputs (level 3)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Financial assets</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Available-for-sale securities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>254</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>52</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>202</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Fair value to profit or loss securities (Note 3b)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>2</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif>90</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>2</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif>90</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>54</FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif>4</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>52</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>202</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif>2</FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=EN-GB color=windowtext face=Arial,sans-serif>90</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.75in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 94.2%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.75in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="31%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="69%" colSpan=7>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>December 31, 2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="31%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="51%" colSpan=5>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Fair value measurement at reporting date using</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="31%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Balance</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Quoted prices in active markets for identical assets or liabilities(level 1)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Significant other observable inputs (level 2)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in" align=center><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Significant unobservable inputs (level 3)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Financial assets</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Available-for-sale securities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>272</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>48</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>224</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0in 0.15in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Fair value to profit or loss securities (Note 3b)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>297</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>297</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="31%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>569</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>48</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>224</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; TEXT-INDENT: 0in; MARGIN: 0in" align=right><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif>297</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left><B><FONT style="FONT-SIZE: 8pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in"><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>44.&nbsp; FINANCIAL RISK MANAGEMENT (continued)</FONT></B></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>2.</FONT><FONT style="FONT-SIZE: 7pt" lang=X-NONE color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>Fair value of financial assets and </FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>financial </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>liabilities&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif> (continued)</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>c</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>.&nbsp;&nbsp; Fair value hierarchy (continued)</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 1in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>Available-for-sale financial assets primarily consist of shares, mutual funds and Corporate and Government bonds. Corporate and Government bonds are stated at fair value by reference to prices of similar securities at the reporting date. As they are not actively traded in an established market, these securities are classified as level 2. </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -17.85pt; MARGIN: 0in 0in 0in 53.55pt"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 0.75in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>Financial asset at fair value through profit or loss represens the Put Option on the 20% remaining ownership in Indonusa which was received as part of the divestment considerations (Note 3b). Since the fair value is not observable and valuation technique is used to determine the fair value, this financial asset is classified as level 3.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -17.85pt; MARGIN: 0in 0in 0in 53.55pt"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in 0in 0in 53.55pt"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>Shares and mutual funds actively traded in an established market are stated at fair value using quoted market price and classified within level 1. The valuation of the mutual funds invested in Corporate and Government bonds and put option require significant management judgment due to the absence of quoted market prices, the inherent lack of liquidity and the long-term nature of such assets. As these investments are subject to restrictions on redemption (such as transfer restrictions and initial lock-up periods) and observable activity for the investments is limited, these investments are therefore classified within level 3 of the fair value hierarchy. Management considers among other assumptions, the valuation and quoted price of the arrangement of the mutual funds.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 53.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Reconciliations of the beginning and ending balances for items measured at fair value using significant unobservable inputs (level 3) as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013 are as follows:</FONT></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=arial,sans-serif>2014</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=arial,sans-serif>2013</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Balance at January 1</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>297</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>48</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Put option</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>289</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Included in consolidated statement of comprehensive Income</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Realized loss</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> - </FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>recognized in profit or loss</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Unrealized loss - recognized in other</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(7</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>8</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.25in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>comprehensive income</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>Redemption</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(48</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="59%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>Balance at </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>2</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=arial,sans-serif>90</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 5pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif>297</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>45.&nbsp; CAPITAL MANAGEMENT</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 17.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The capital structure of the Group is as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -9pt; MARGIN: 0in 0in 0in 9pt"><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><SUP><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B></SUP>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="32%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="33%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><SUP><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B></SUP>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Portion</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Portion</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Short-term debts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1,810</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>1.98%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>432</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>0.</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>53%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Long-term debts</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>21,642</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>23.72%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>19,8</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>24</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>24.</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>54%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total debts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>23,452</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>25.70%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>20,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>256</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>25.0</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>7%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Equity attributable to owners</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>67,807</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>74.30%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>60,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>542</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>74.9</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>3%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="34%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>91,259</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>100.00%</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>80,</FONT></B><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>798</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>100.00%</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>123</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif>45.&nbsp; CAPITAL MANAGEMENT (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 17.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 17.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company&#8217;s objectives when managing capital are to safeguard the Company&#8217;s ability to continue as a going concern in order to provide returns for stockholders and benefits to other stakeholders and to maintain an optimum capital structure to minimize the cost of capital.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 17.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 17.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Periodically, the Company conducts debt valuation to assess possibilities of refinancing existing debts with new ones which have more efficient cost that will lead to more optimized cost-of-debt. In case of idle cash with limited investment opportunities, the Company will consider buying back its shares of stock or paying dividend to its stockholders. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 17.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 17.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>In addition to complying with loan covenants, the Company also maintains its capital structure at the level it believes will not risk its credit rating and which is comparable with its competitors. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 17.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>Debt-to-equity ratio (comparing net interest-bearing debt to total equity) is a ratio which is monitored by management to eva luate the Company&#8217;s capital structure and review the effectiveness of the Company&#8217;s debts. The Company monitors its debt levels to ensure the debt-to-equity ratio complies with or is below the ratio set out in its contractual borrowings and that such ratio is comparable or better than that of regional area entities in the telecommunications industry. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 17.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 17.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>The Company&#8217;s debt-to-equity ratio as of </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014 and 201</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>3 is as follows:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 17.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total interest-bearing debts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>23,452</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>20,2</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>56</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Less</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>: </FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>cash and cash equivalents</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(17,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-GB color=windowtext face=Arial,sans-serif>67</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>(14,6</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>96</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Net debts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>5,780</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>5,5</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>60</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Total equity attributable to owners</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>67,807</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>60,</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>542</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="61%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Net debt-to-equity ratio</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>8.52%</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>9.1</FONT></B><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>8%</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 17.85pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As stated in Note 19, 20 and 21, the Company is required to maintain a certain debt-to-equity ratio and debt service coverage ratio by the lenders. During </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the years</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and 2013, the Company has complied with the externally imposed capital requirements.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>46.&nbsp; SUPPLEMENTAL CASH FLOWS INFORMATION</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.5in"><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>The non-cash investing activities for the years ended </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>December 31, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif> and 2013 are as follows:</FONT></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=Arial,sans-serif>2014</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=Arial,sans-serif>2013</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Acquisition of property and equipment credited to:</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Trade payables</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>5,621</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>6,412</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Obligations under finance leases</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>528</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>3,201</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Non-monetary exchange</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>126</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>268</FONT></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif>Acquisition of i</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>ntangible assets credited to</FONT><FONT style="FONT-SIZE: 10pt" color=windowtext face=Arial,sans-serif> t</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>rade payables</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>119</FONT></P></TD>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>124</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>47.&nbsp; SUBSEQUENT EVENTS </FONT></B></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>a.</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>On January 9, 2015, the Company received a Notice of S</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>C&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> of the Republic of Indonesia, Decision No. 226/Pdt.G/2012/PN.Mks upon appeal regarding the case of land property on Jl. A.P. Pettarani Makassar (Note 42.b). The S</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>C&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> has rejected the Company&#8217;s appeal. On February 5, 2015, the Company requested a Case Review to the S</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>C</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 17.45pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 35.45pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>b.</FONT><FONT style="FONT-SIZE: 7pt" lang=IN color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>On February 3, 2015, based on its Decision Letter No. 65 Year 2015, which replaced Decision Letter No. 226/DIRJEN/2009 dated September 24, 2009, the Ministry through the DGPI granted Telkomsel the operating license to provide VoIP services with national coverage. The license has a perpetual term, which is subject to evaluation on an annual basis or every five years.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 17.45pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>4</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>8</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>.&nbsp; SUMMARY OF SIGNIFICANT DIFFERENCES BETWEEN PSAK AND </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>IFRS (INTERNATIONAL FINANCIAL REPORTING STANDARDS)</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>The following tables set forth a reconciliation of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>the </FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>consolidated statement of financial position as of December 31, 201</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>4&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif> and consolidated statements of comprehensive income for the year ended December 31, 201</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>4</FONT><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>, in each case between PSAK and IFRS.</FONT></P>

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<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>PSAK</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>RECONCILIATION</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>IFRS</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Consolidated</FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif> STATEMENT OF FINANCIAL POSITION DECEMBER 31, 201</FONT></B><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>4&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>ASSETS</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>CURRENT ASSETS</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Cash and cash equivalent</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>s&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>17,672</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>17,672</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Other current financial assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>2,797</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>2,797</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Trade </FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>r</FONT><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>eceivables - net</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif> of provision for impairment of receivables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Related parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>746</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>985</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>1,731</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Third parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>5,719</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(453</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>5,266</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Other receivables - </FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>net of provision for impairment of receivables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>383</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>383</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Inventories - net</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif> of provision for obsolescence</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>474</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>474</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Advances and prepaid expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>4,733</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>4,733</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Claim for</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif> tax</FONT><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif> refund</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>291</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>291</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Prepaid taxes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>890</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>890</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Asset held for sale</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>57</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>57</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Total Current Assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>33,762</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>532</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>34,294</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>NON-CURRENT ASSETS</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Long</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>-</FONT><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>term investments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>1,767</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>1,767</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Property and equipment - net </FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>of accumulated depreciation</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>94,809</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(207</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>94,602</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Prepaid pension benefit cost</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>s&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>771</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>399</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>1,170</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Advances and other non-current assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>6,479</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>6,479</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Claims for tax refund - </FONT><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>net of current portion</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>745</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>745</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Intangible assets - net</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif> of accumulated amortization</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>2,463</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>2,463</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Deferred tax assets - net</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>99</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(4</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>95</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Total Non-current Assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>107,133</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>188</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>107,321</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="51%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>TOTAL ASSETS</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>140,895</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>720</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>141,615</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV><B><FONT style="FONT-SIZE: 10pt" lang=IN face=arial,sans-serif><BR clear=all></FONT></B>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>125</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

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<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

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<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>4</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>8</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>.&nbsp; SUMMARY OF SIGNIFICANT DIFFERENCES BETWEEN PSAK AND </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>IFRS (INTERNATIONAL FINANCIAL REPORTING STANDARDS) (continued)</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 1pt" lang=IN color=windowtext face=Arial,sans-serif></FONT></B>&nbsp;</P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>PSAK</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>RECONCILIATION</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>IFRS</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>LIABILITIES AND EQUITY</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>CURRENT LIABILITIES</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Trade payables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Related parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>770</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>1,288</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>2,058</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Third parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>11,060</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(756</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>10,304</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Other payables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>114</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>114</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Taxes payables</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>2,376</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>2,376</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Accrued expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>5,211</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>5,211</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Unearned income</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>3,963</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>3,963</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Advances from customers and suppliers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>583</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>583</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Short-term bank loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>1,810</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>1,810</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Current maturities of long-term liabilities</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>5,899</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>5,899</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Total Current Liabilities</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>31,786</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>532</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>32,318</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>NON-CURRENT LIABILITIES</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Deferred tax liabilities - net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>2,743</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(40</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>2,703</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Other liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>394</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>394</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Long service award provisions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>410</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>410</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Post-retirement health care benefit </FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>costs </FONT><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>provisions&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>602</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(161</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>441</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Pension and other post-employment benefits</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>3,092</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>582</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>3,674</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Long</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>-</FONT><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>term liabilities - net of current maturities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Obligations under finance leases</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>4,218</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>4,218</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Two</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>-</FONT><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>step loans</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>1,408</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>1,408</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Bonds and notes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>2,239</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>2,239</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Bank loans</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>7,878</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>7,878</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Total Non-current Liabilities</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>22,984</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>381</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>23,365</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>TOTAL LIABILITIES</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>54,770</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>913</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>55,683</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>EQUITY</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Capital stock</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>5,040</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>5,040</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Additional paid-in capital</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>2,899</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(478</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>2,421</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Treasury stock</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(3,836</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(3,836</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Effect of change in equity of associated companies</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>386</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(386</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Unrealized holding gain on available-for-sale securities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>39</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(39</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Translation adjustment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>415</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(415</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Difference due to acquisition of non-controlling interests in subsidiaries</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(508</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>508</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Other reserves</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>49</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>174</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>223</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Retained earnings</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>63,323</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>475</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>63,798</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Net</FONT><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif> equity attributable to owners of the parent company</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>67,807</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(161</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>67,646</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Non-controlling interest</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>s&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>18,318</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(32</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>18,286</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>TOTAL EQUITY</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>86,125</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(193</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>85,932</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="TEXT-TRANSFORM: uppercase; FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>TOTAL LIABILITIES AND EQUITY</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>140,895</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>720</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>141,615</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>126</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></FONT></P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="arial italic">These consolidated financial statements are originally issued in Indonesian language.</FONT></I></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PERUSAHAAN PERSEROAN (PERSERO)</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>As of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>December 31, 2014</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> and for </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>the Year</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif> Then Ended</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0in 0.25in" align=center><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>(Figures in tables are expressedin billions of </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=Arial,sans-serif>R</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=X-NONE color=windowtext face=Arial,sans-serif>upiah, unless otherwise stated)</FONT></B></P>

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<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: left; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=left><FONT style="FONT-SIZE: 5pt" lang=EN-US color=windowtext face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: left; TEXT-INDENT: 0in; MARGIN: 0in" align=left>
<A href="#ToC"><U><FONT style="FONT-SIZE: 8pt" lang=X-NONE color=blue face=Arial,sans-serif>Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in"><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>4</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>8</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>.&nbsp; SUMMARY OF SIGNIFICANT DIFFERENCES BETWEEN PSAK AND </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=arial,sans-serif>IFRS (INTERNATIONAL FINANCIAL REPORTING STANDARDS) </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif>(continued)&nbsp;</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98.06%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0.25in" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>PSAK</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>RECONCILIATION</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>IFRS</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>REVENUES</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>89,696</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>89,696</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; TEXT-INDENT: -0.15in; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Operations, maintenance and telecommunication service expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(22,288</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(22,288</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Depreciation and amortization</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(17,131</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(47</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(17,178</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Personnel expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(9,616</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(160</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(9,776</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Interconnection expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(4,893</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(4,893</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>General and administrative expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(3,963</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(3,963</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Marketing expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(3,092</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(3,092</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Loss on foreign exchange - net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(14</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(14</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Other income</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>1,074</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>2</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>1,076</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Other expenses</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(396</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(396</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>OPERATING PROFIT</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>29,377</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(205</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>29,172</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Finance income</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>1,238</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>1,238</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Finance costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(1,814</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(1,814</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Share of loss of associated companies</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(17</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(17</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>PROFIT BEFORE INCOME TAX</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>28,784</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(205</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>28,579</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>INCOME TAX EXPENSE</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(7,338</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(3</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(7,341</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></B></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>PROFIT FOR THE YEAR</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>21,446</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(208</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>21,238</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>OTHER COMPREHENSIVE </FONT></B><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>(LOSS) </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>INCOME&nbsp;</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Foreign currency translation</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>24</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>24</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Change in fair value of available-for-sale financial assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Defined benefit plan actuarial gain</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>785</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>785</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Other Comprehensive Income</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif> - net</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>25</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>785</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>810</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>TOTAL COMPREHENSIVE INCOME FOR THE YEAR</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>21,471</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>577</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>22,048</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Profit for the year attributable to:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Owners of the parent</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif> company</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>14,638</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(201</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>14,437</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Non-controlling interest</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>s&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>6,808</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(7</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>6,801</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>21,446</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(208</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>21,238</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Total comprehensive income </FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>for the year</FONT><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif> attributable to:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Owners of the parent</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif> company</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>14,663</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>628</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>15,291</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>Non-controlling interest</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>s&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>6,808</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(51</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>6,757</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>21,471</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>577</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>22,048</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>BASIC AND DILUTED EARNINGS</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>PER SHARE </FONT></B><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>(in full amount)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Net i</FONT><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>ncome per share</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>149.83</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(2.05</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>147.78</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="50%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt 0.15in" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Net i</FONT><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>ncome per ADS (</FONT><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>200&nbsp;</FONT><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif> Series B shares per ADS)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>29,966.70</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>(410.49</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=IN color=windowtext face=arial,sans-serif>29,556.00</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BACKGROUND: #c6d9f1; PADDING-TOP: 0in" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><B><FONT style="FONT-SIZE: 10pt" lang=IN color=windowtext face=arial,sans-serif></FONT></B>&nbsp;</P>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;text-indent:-17.85pt;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">4</font></b><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">8</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">.&#160; SUMMARY OF SIGNIFICANT DIFFERENCES
BETWEEN PSAK AND </font></b><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">IFRS (INTERNATIONAL FINANCIAL REPORTING STANDARDS) </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">(continued)&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">a.&#160;&#160; Employee benefits </font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:35.7pt;text-align:justify;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Under
PSAK, the actuarial gains or losses are recognized as income or expense when
the net cumulative unrecognized actuarial gains or losses at the end of the
previous reporting period exceed 10% of the present value of the defined
benefit obligation. These gains or losses are recognized on a straight-line
basis over the expected average remaining service years of the employees. The
change in the defined benefit obligation due to plan changes affecting vested
benefits is recognized immediately in profit or loss, while the effect of plan
changes affecting unvested benefits is amortized over future periods to the
date the amended benefits vest. Interest income on plan assets is determined
based on their long-term rate of expected return. PSAK does not specify which
administration costs to include as part of the return on plan assets.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Under
IFRS, remeasurements consist of actuarial gains or losses, including the
difference between the actual return on plan assets (net of taxes and
administration costs) with return implied by the discount rate, and changes in
the asset ceiling are recognized directly to other comprehensive income. The
entire change in the defined benefit obligation due to plan changes is to be
recognized immediately through profit or loss. Net interest on the net
de&#64257;ned bene&#64257;t liability or asset comprises interest cost on the
de&#64257;ned bene&#64257;t obligation and interest income on plan assets that
are measured using the discount rate at the beginning of the year. Only
administration costs directly related to the management of plan assets are
included as part of the return on plan assets.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">b.&#160;&#160; Land rights</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:35.45pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Under PSAK, land rights are recorded
as part of property and equipment and are not amortized, unless there is
indication that the extension or renewal of land rights is not expected to be
or will not be received. Costs incurred to process the extension or renewal of
land legal rights are recognized as intangible assets and amortized over the
shorter of the term of the land rights or the economic life of the land.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Under IFRS, land rights are accounted
for as finance lease and presented as part of property and equipment. Land
rights are amortized over the lease term. </font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">c</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">.&nbsp;</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160; </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">Related </font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">p</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">art</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">y t</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">ransactions&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:35.45pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Under
Bapepam - LK Regulation No. VIII.G.7 regarding the Presentation and Disclosures
of Financial Statements of Issuers or Public Companies, a government-related
entity is an entity that is controlled, jointly controlled or significantly
influenced by a government. Government in this context is the Ministry of
Finance or the Local Government, as the shareholder of the entity.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:35.45pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:35.45pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">Under
IFRS, a government-related entity is an entity that is controlled, jointly
controlled or significantly influenced by a government. Government in this
context refers to the Government of Indonesia, government agencies and similar
bodies whether local, national or international.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=arial,sans-serif style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">128</font><font style="display:none;"><font face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"></font></font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font color=windowtext face="arial italic" lang=EN-US style="font-size:8.0pt;">These consolidated financial statements are
originally issued in Indonesian language.</font></i></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><i><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PERUSAHAAN PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">PT TELEKOMUNIKASI INDONESIA Tbk  AND ITS SUBSIDIARIES</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS </font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">As of </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">December 31, 2014</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> and for </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">the Year</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Then Ended</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:center;text-indent:-.25in;"><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">(Figures in tables are expressedin
billions of </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">R</font></b><b><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">upiah, unless otherwise stated)</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in;">

<p align=left style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:left;"><font color=windowtext face="Times New Roman" lang=EN-US style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:left;text-indent:0in;"><a href="#ToC"><u><font color=blue face=Arial,sans-serif lang=X-NONE style="font-size:8.0pt;">Table
of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:17.85pt;text-align:justify;text-indent:-17.85pt;"><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">4</font></b><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">8</font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">.&#160; SUMMARY OF SIGNIFICANT DIFFERENCES
BETWEEN PSAK AND </font></b><b><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">IFRS (INTERNATIONAL FINANCIAL REPORTING STANDARDS) </font></b><b><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">(continued)&nbsp;</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.25in;"><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">d</font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">.&nbsp;</font></b><b><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160; Offsetting </font></b><b><font color=windowtext face=arial,sans-serif lang=IN style="font-size:10.0pt;">financial assets and
liabilities</font></b></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">Under PSAK, financial assets and financial
liabilities are offset and</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> the
net amount presented in the statement of financial position when </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">currently </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">there is a legally enforceable right to set-off the </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">recognized </font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">amount</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">s&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> and there is an intention to realize the
assets and settle the liabilities simultaneously. PSAK does not specify </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">the&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> circumstances </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">in
which the right of set-off must be legally
enforceable in order to meet the criterion of the right of set-off.</font></p>

<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.25in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">Under IFRS, financial assets and financial liabilities
are </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">offset and</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> the net amount presented in the statement of
financial position when </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">currently
</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">there is a legally enforceable
right to set-off the </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">recognized
</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;">amount</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">s&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> and
there is an intention</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;"> either
to settle on a net basis, or</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> to
realize the assets and settle the liabilities simultaneously. The right of </font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">set-off&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> must be legally enforceable in all of the following circumstances:
(a) the normal course of business, (b) the event of default</font><font color=windowtext face=Arial,sans-serif lang=X-NONE style="font-size:10.0pt;">,&nbsp;</font><font color=windowtext face=Arial,sans-serif lang=IN style="font-size:10.0pt;"> and (c) the event of insolvency or bankruptcy of the entity and all of
the counterparties.</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face=arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>



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